TULSA, Okla.--(BUSINESS WIRE)--
Stanley A. Lybarger, president and chief executive officer of BOK
Financial (NASDAQ: BOKF), announced today that Steven G. Bradshaw will
succeed him as president and chief executive officer and Daniel H.
Ellinor will serve as chief operating officer. Both individuals
currently serve as senior officers of the company and will assume their
new positions following Lybarger’s retirement at the end of this year.
“Steve and Dan have been very instrumental in BOK Financial’s past
success, including the company’s geographic expansion and exceptional
performance through the recent recession,” Lybarger said. “They possess
the ability, experience and integrity to take the company to the next
level.”
"I have worked closely with Steve and Dan since they each joined the
company, so I know firsthand that they have the capability to lead us to
continued growth in market position and profitability,” said George
Kaiser, chairman of BOK Financial. “They have both also participated in
board and committee meetings for many years and gained the confidence of
our board members. Under their leadership, BOKF's future should be as
stellar as its past."
Bradshaw, as CEO, will be responsible for the strategic direction and
operating performance of all aspects of the company, while Ellinor, as
the COO, will gain more responsibility throughout the corporation and
work directly with Bradshaw to set operational strategy and drive growth
initiatives.
“It’s an absolute honor to lead an organization that I’ve been part of
building for 22 years. Our entire leadership team has benefited greatly
from Stan’s exceptional leadership over those years and is well prepared
to establish and execute our growth strategy into the future,” said
Bradshaw. “The company’s greatest strength is a very impressive
collection of talented individuals who have proven they can produce
exceptional financial results through superior service. I’m confident we
can turn a challenging operating environment in our industry into an
opportunity for BOK Financial to grow earnings and expand capabilities
going forward.”
Bradshaw joined BOK Financial in 1991 to establish a new consumer
investment business. In his current role, he has oversight for the
company’s consumer banking, mortgage, wealth management, treasury
services and business banking functions, as well as Colorado State Bank
and Trust and Bank of Kansas City.
“The opportunity to be part of leading BOK Financial into its next
chapter is tremendous,” said Ellinor. “As a member of the leadership
team the past decade, I’m proud of the great success we have
accomplished both in our lines of business, as well as in our regional
markets. I look forward to working closely with Steve to build on our
momentum and create new opportunities for our company and our employees.”
Ellinor joined BOK Financial 10 years ago after a 20-year banking career
in Texas, assuming responsibility for Bank of Oklahoma commercial
lending, TransFund, international banking and treasury services.
Ellinor’s current responsibilities include the majority of BOK
Financial’s commercial lending activities, consisting of energy,
commercial real estate and health care lending, TransFund, as well as
Bank of Oklahoma, Bank of Albuquerque, Bank of Arkansas and Bank of
Arizona.
Bradshaw and Ellinor’s promotions were approved today by the BOK
Financial and BOKF, NA boards of directors.
Lybarger will retire at the end of 2013, following a 40-year career with
the company. He started as a management trainee following graduate
school. He was promoted to president and chief operating officer of Bank
of Oklahoma in 1989. He was named chief executive officer of BOK
Financial Corporation and Bank of Oklahoma in 1996.
Following retirement, Lybarger will continue to serve the company and
its shareholders as a member of the board of directors of BOK Financial
Corporation.
About BOK Financial Corporation
BOK Financial Corporation is a $27 billion regional financial services
company based in Tulsa, Okla. The company's stock is publicly traded on
NASDAQ under the Global Select market listings (symbol: BOKF). BOK
Financial's holdings include BOKF, NA, BOSC, Inc., The Milestone Group,
Inc., and Cavanal Hill Investment Management, Inc.BOKF, NA operates the
TransFund electronic funds network and seven banking divisions: Bank
of Albuquerque, Bank
of Arizona, Bank
of Arkansas, Bank
of Kansas City, Bank
of Oklahoma, Bank
of Texas, and Colorado
State Bank and Trust. Through its subsidiaries, the company provides
commercial and consumer banking, investment and trust services, mortgage
origination and servicing, and an electronic funds transfer network. For
more information, visit www.bokf.com.
BOK Financial Corporation
Andrea Myers, 918-691-9324
VP,
Senior Communications Mgr.
amyers@bokf.com
Source: BOK Financial Corporation