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- Cullen/Frost Bankers Announces Retirement of CFO Jerry Salinas
Cullen/Frost Bankers Announces Retirement of CFO Jerry Salinas
Slice of Finance Team
09 Jul
Key Highlights:
Jerry Salinas, CFO of Cullen/Frost, to retire end of 2024.
Dan Geddes to assume CFO role starting Jan. 1, 2025.
Clay Jones named new San Antonio region president.
Matt Henson to become chief accounting officer in 2025.
Source (PR Newswire)
Notable Quotes:
"If you think of any major initiative that the company has undertaken in the past four decades – acquisitions, major transactions, our expansion projects – Jerry played an important role in all of them. In addition, Jerry has been a trusted adviser and a good friend. I would like everyone at Frost to join me in thanking him and congratulating him on his well-deserved retirement."
"It has been a great experience to help the company grow and prosper over the years, and it has been a blessing to have spent my career at an organization with such a great culture and with core values that mirror my personal values. I will miss the relationships that I have developed here and will remember them fondly as I look forward to the next phase of my life."
Our Take:
The retirement of Jerry Salinas marks the end of an era for Cullen/Frost Bankers, Inc., as he has been a pivotal figure in the company's growth and success over nearly four decades. His leadership and expertise have been instrumental in major initiatives, including acquisitions and expansion projects. The transition plan, with Dan Geddes stepping into the CFO role, demonstrates a thoughtful and strategic approach to leadership continuity. Geddes' extensive experience and proven track record within the company indicate that he is well-prepared to uphold the high standards set by his predecessor. Additionally, the appointments of Clay Jones and Matt Henson further underscore Frost Bank's commitment to strong leadership and operational excellence. As Cullen/Frost Bankers continues to evolve, these changes position the company to maintain its trajectory of growth and integrity in the financial sector.