Cullen/Frost Bankers Welcomes New Directors and Honors Chris Avery's Contributions
Cullen/Frost Bankers, Inc., a significant entity in the financial sector, has recently unveiled two new members for its Board of Directors: Marsha M. Shields and Jeff Rummel. Announcing the appointments, Cullen/Frost Chairman and CEO Phil Green expressed excitement about the fresh perspectives and expertise both directors will bring. Shields, a prominent figure in Texas business circles, serves as the CEO and Managing Partner of McCombs Enterprises, where she oversees several family-owned businesses including the Red McCombs Automotive Group. With a strong background in both business and philanthropy, she holds a degree from Duke University and has participated in an executive program at the University of Texas. Rummel, on the other hand, has an extensive history with Ernst & Young, having managed the firm’s San Antonio office from 2020 to 2025. His leadership experience and deep understanding of the financial services landscape make him a valuable asset to the board. He holds a degree from the University of Texas and is a retired CPA, which further underscores his robust financial acumen.
In tandem with these new appointments, the board also announced the retirement of Chris Avery, who has served since 2015. Avery, a certified physician and anesthesiologist who once held the title of chairman and CEO at James Avery Craftsman, played a pivotal role during his tenure, particularly through challenging times such as the pandemic. Phil Green made a point to acknowledge Avery's contributions, noting that his strategic insights during periods of significant change, including the bank's growth initiatives, were invaluable. Avery’s retirement will officially commence at the completion of his term in April.
The board's revamp signifies Cullen/Frost’s commitment to bringing in diverse expertise to navigate future growth and challenges. The bank, established in 1868, has a significant footprint in Texas, providing a range of banking, investment, and insurance products. Cullen/Frost serves various regions, including Austin, Corpus Christi, and San Antonio, and is recognized as one of the U.S.'s 50 largest banks by asset size. As they look toward the future, Cullen/Frost remains dedicated to fulfilling the financial needs of Texans while simultaneously embracing innovative governance through newly appointed board members.
For additional insights on Cullen/Frost and their initiatives, interested parties are encouraged to visit their official website, where more detailed information about their services and leadership can be found.
In tandem with these new appointments, the board also announced the retirement of Chris Avery, who has served since 2015. Avery, a certified physician and anesthesiologist who once held the title of chairman and CEO at James Avery Craftsman, played a pivotal role during his tenure, particularly through challenging times such as the pandemic. Phil Green made a point to acknowledge Avery's contributions, noting that his strategic insights during periods of significant change, including the bank's growth initiatives, were invaluable. Avery’s retirement will officially commence at the completion of his term in April.
The board's revamp signifies Cullen/Frost’s commitment to bringing in diverse expertise to navigate future growth and challenges. The bank, established in 1868, has a significant footprint in Texas, providing a range of banking, investment, and insurance products. Cullen/Frost serves various regions, including Austin, Corpus Christi, and San Antonio, and is recognized as one of the U.S.'s 50 largest banks by asset size. As they look toward the future, Cullen/Frost remains dedicated to fulfilling the financial needs of Texans while simultaneously embracing innovative governance through newly appointed board members.
For additional insights on Cullen/Frost and their initiatives, interested parties are encouraged to visit their official website, where more detailed information about their services and leadership can be found.
Topics Financial Services & Investing）
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