Fernando Araujo and Alice Rodriguez Strengthen Cadence Bank's Leadership with Board Appointments

Cadence Bank is ushering in a new era of leadership with the appointment of two distinguished individuals, Fernando Araujo and Alice Rodriguez, to its board of directors, effective January 17, 2025. This move aims to leverage their extensive backgrounds and experience in guiding the bank's strategic direction.

Fernando Araujo comes to Cadence Bank with a wealth of experience in the oil and gas sector, spanning more than three decades. Currently serving as the CEO of Berry Corporation, a company known for its responsible development and production of conventional oil reserves in the Western United States, Araujo has displayed exceptional leadership skills since joining Berry in 2020. Before this, he appointed roles at notable companies such as Schlumberger, Apache Corporation, Repsol S.A., and Shell Oil, making him a seasoned expert in the industry. His insights into asset development, regulatory challenges, and leading diverse teams are anticipated to greatly contribute to Cadence Bank's growth and vision.

Alice Rodriguez brings in over 35 years of experience from JPMorgan Chase & Co., where she held various executive roles, most notably as head of their community impact organization. Following her retirement, she focused her efforts on her role as co-owner of Kendall Milagro, a boutique home building firm in Dallas. Her commitment to minority-driven initiatives is evident through her previous role as chair of the U.S. Hispanic Chamber of Commerce and her current position on the board of Oncor Electric Delivery Company, making her a strong advocate for community development and service.

Dan Rollins, Cadence Bank's chairman and CEO, expressed delight in welcoming both Araujo and Rodriguez to the board. He noted that Araujo's experience in asset management and operations will be critical as the bank navigates a dynamic financial landscape. Similarly, Rodriguez's vast expertise across various sectors of banking, combined with her practical experience as a small business owner, positions her to provide unique insights into the bank's operational strategies and community engagement.

Araujo shared his enthusiasm about joining Cadence Bank, stating that the organization is well-positioned within the banking industry and shares a similar focus on achieving positive outcomes for its stakeholders. He is eager to collaborate with the existing management team to drive growth and enhance the bank's operational efficiency through innovative practices.

Rodriguez also conveyed her excitement about contributing to Cadence Bank's journey by applying her operational and strategic skills. Her focus on people and purpose complements the bank's ethos of community service and development.

Cadence Bank, which has over 350 branches and approximately $50 billion in assets, is recognized as a leading regional bank offering a full spectrum of financial services. From consumer banking to commercial real estate, the bank continues to explore innovative products designed to meet the evolving needs of its clients.

For more information about Cadence Bank and how it serves its customers, visit www.cadencebank.com. As it integrates new leadership into its operation, Cadence Bank aims to provide even more robust services and foster meaningful relationships within the communities it serves.

This strategic addition to the board reflects Cadence Bank's commitment to excellence and growth, ensuring that they remain competitive and responsive to the needs of their stakeholders in an ever-evolving financial landscape.

Topics Financial Services & Investing)

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