* Stelling suceeds Richard Anthony
* Appointment effective immediately
Oct 7 Synovus Financial Corp (SNV.N) said
Kessel Stelling, currenly the U.S. regional bank's acting CEO,
will become its chief executive officer, effective immediately.
In June, Stelling was named acting CEO after former CEO and
Chairman Richard Anthony went on medical leave to recuperate
from treatment of a blood vessel disorder.
Synovus, which had received $968 million under the U.S.
government's Troubled Asset Relief Program, has been cautious
on its ability to return to profit in 2010, after posting a
wider-than-expected loss for the second straight quarter.
Shares of the The Columbus, Georgia-based bank, closed at
$2.58 Thursday on the New York Stock Exchange. Their value has
gone down by 23 percent since the company issued its $1 billion
stock offering in April.
(Reporting by Rachel Chitra in Bangalore; Editing by Jarshad