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Cullen/Frost Bankers Inc (CFR)

CFR on New York Consolidated

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26 May 2017
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Summary

Name Age Since Current Position

Philip Green

62 2016 Chairman of the Board, Chief Executive Officer

Paul Bracher

60 2016 President, Executive Vice President, Chief Banking Officer of Frost Bank

Jerry Salinas

58 2015 Chief Financial Officer, Group Executive Vice President

Patrick Frost

56 1997 President of Frost Bank, Director

Annette Alonzo

48 2016 Group Executive Vice President - Human Resources and Chief Human Resources of Frost Bank

Robert Berman

54 2001 Group Executive Vice President - Research and Strategy of Frost Bank

Gary McKnight

63 2015 Group Executive Vice President - Technology and Operations of Frost Bank

Paul Olivier

64 2001 Group Executive Vice President; Chief Consumer Banking Officer of Frost Bank

William Perotti

59 2015 Group Executive Vice President; Chief Risk Officer of Frost Bank

Jimmy Stead

41 2017 Group Executive Vice President - Executive Officer - Consumer Banking of Frost Bank

Candace Wolfshohl

56 2015 Group Executive Vice President - Culture and People Development of Frost Bank

Charles Matthews

72 2017 Lead Independent Director

Samuel Dawson

2017 Director

Graham Weston

2017 Director

R. Denny Alexander

70 1998 Independent Director

Carlos Alvarez

65 2001 Independent Director

Chris Avery

62 2015 Independent Director

Crawford Edwards

57 2005 Independent Director

Ruben Escobedo

78 1996 Independent Director

David Haemisegger

62 2008 Independent Director

Karen Jennings

65 2001 Independent Director

Richard Kleberg

73 1992 Independent Director

Ida Steen

63 1996 Independent Director

Horace Wilkins

65 1997 Independent Director

Biographies

Name Description

Philip Green

Mr. Phillip D. Green is the Chairman of the Board, President, Chief Executive Officer of the company. Mr. Green Officer of Frost Bank since July 1980. Group Executive Vice President, Chief Financial Officer of Cullen/Frost from October 1995 to January 2015. President of Cullen/Frost from January 2015 to March 2016. Chairman of the Board and Chief Executive Officer of Cullen/Frost from April 2016 to present.

Paul Bracher

Mr. Paul H. Bracher has been appointed as President and Executive Vice President, Chief Banking Officer of Frost Bankof Frost Bank effective April 1, 2016. Mr. Bracher Officer of Frost Bank since January 1982. President, State Regions of Frost Bank from February 2001 to January 2015. Group Executive Vice President, Chief Banking Officer of Frost Bank from January 2015 to present. President of Cullen/Frost from April 2016 to present.

Jerry Salinas

Mr. Jerry Salinas serves as Chief Financial Officer, Group Executive Vice President of the Company. Mr. Salinas Officer of Frost Bank since 1993. Executive Vice President, Human Resources of Frost Bank from July 2006 to January 2015. Senior Executive Vice President, Human Resources of Frost Bank from January 2015 to July 2015. Group Executive Vice President, Human Resources of Frost Bank from July 2015 to March 2016. Group Executive Vice President, Chief Human Resources Officer of Frost Bank from April 2016 to present.

Patrick Frost

Mr. Patrick B. Frost is President of Frost Bank, subsidiary of Cullen/Frost Bankers Inc., and Director of Cullen/Frost Bankers, Inc., since 1997. Mr. Frost is Officer of Frost Bank since 1985. President of Frost Bank from August 1993 to present. Director of Cullen/Frost from May 1997 to present. Group Executive Vice President, Frost Wealth Advisors of Frost Bank from April 2016 to present. President of Frost Insurance from October 2014 to present.

Annette Alonzo

Ms. Annette M. Alonzo is Group Executive Vice President - Human Resources and Chief Human Resources Officer Frost Bank subsidiary of the company. Ms. Alonzo Officer of Frost Bank since 1993. Executive Vice President, Human Resources of Frost Bank from July 2006 to January 2015. Senior Executive Vice President, Human Resources of Frost Bank from January 2015 to July 2015. Group Executive Vice President, Human Resources of Frost Bank from July 2015 to March 2016. Group Executive Vice President, Chief Human Resources Officer of Frost Bank from April 2016 to present.

Robert Berman

Mr. Robert A. Berman is Group Executive Vice President - Research and Strategy of Frost Bank, subsidiary of Cullen/Frost Bankers, Inc., Mr. Berman Officer of Frost Bank since January 1989. Group Executive Vice President, Research and Strategy of Frost Bank from May 2001 to present.

Gary McKnight

Mr. Gary C. McKnight is Group Executive Vice President - Technology and Operations of Frost Bank. Mr. McKnight Officer of Frost Bank since 1981. Senior Executive Vice President, Technology and Operations of Frost Bank from January 2005 to July 2015. Group Executive Vice President, Technology and Operations of Frost Bank from July 2015 to present.

Paul Olivier

Mr. Paul J. Olivier is Group Executive Vice President of the Company and Chief Consumer Banking Officer of Frost Bank, subsidiary of Cullen/Frost Bankers, Inc., He was Officer of Frost Bank since August 1976. Group Executive Vice President, Chief Consumer Banking Officer of Frost Bank from May 2001 to present.

William Perotti

Mr. William L. Perotti is Group Executive Vice President of the Company and Chief Risk Officer of Frost Bank, subsidiary of Cullen/Frost Bankers Inc., He was Officer of Frost Bank since December 1982. Group Executive Vice President, Chief Credit Officer of Frost Bank from May 2001 to January 2015. Group Executive Vice President, Chief Risk Officer of Frost Bank from April 2005 to present.

Jimmy Stead

Jimmy Stead is Group Executive Vice President, Executive Officer - Consumer Banking of Frost Bank subsidiary of the company. He was Officer of Frost Bank since July 2001. Senior Vice President Electronic Commerce Operations of Frost Bank from October 2007 to December 2015, Executive Vice President, Electronic Commerce Operations of Frost Bank from January 2016 to January 2017. Group Executive Vice President, Executive Officer Consumer Banking of Frost Bank from January 2017 to present.

Candace Wolfshohl

Mr. Candace K. Wolfshohl is Group Executive Vice President - Culture and People Development of Frost Bank of Frost Bank, subsidiary of the company. Mr. Wolfshohl Officer of Frost Bank since 1989. Executive Vice President, Staff Development of Frost Bank from January 2008 to January 2015. Senior Executive Vice President, Staff Development of Frost Bank from January 2015 to July 2015. Group Executive Vice President, Culture and People Development of Frost Bank from July 2015 to present.

Charles Matthews

Mr. Charles W. Matthews is Lead Independent Director of the Company. He formerly general counsel of Exxon Mobil Corporation, spent his entire career at Exxon, the world’s largest energy company. A graduate of the University of Texas at Austin with a BA degree in government, he earned a JD degree from the University of Houston and joined Humble Oil, now known as Exxon Mobil, upon graduation. He rose in the law department to become vice president and general counsel of Exxon Mobil. He was responsible for coordinating the legal and regulatory efforts to facilitate the merger between Exxon Corporation and Mobil Corporation. As general counsel, Mr. Matthews oversaw the company’s law department, consisting of more than 460 lawyers with offices in 40 countries. A native of Houston, he has served as a national trustee for the Southwestern Region of The Boys and Girls Clubs of America. He is a member of the advisory board and the past chairman of the University of Houston Law Foundation. Mr. Matthews is also past-chair and past-president of the Ex-Students Association and a member of the Texas Exes Scholarship Foundation of the University of Texas. He serves on the boards of Trinity Industries Inc., and Children’s Medical Center of Dallas. He is also immediate past chair of the Texas Cultural Trust. It is because of his experience in corporate governance and the in-depth knowledge of the opportunities and challenges facing energy companies, as well as his knowledge of the communities we serve, that our Board has concluded that Mr. Matthews should continue serving on the Board

Samuel Dawson

Mr. Sam Dawson is Director of the Company. Mr. Dawson and his associates have engaged in borrowing transactions with Frost Bank. In the opinion of Cullen/Frost’s management, all such borrowings have been in the ordinary course of business, have had substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with persons not related to Cullen/Frost and its affiliates, and did not involve more than the normal risk of collectability or present other unfavorable features.

Graham Weston

Mr. Graham Weston is Director of the Company. He is founder of Weston Urban LLC and co-founder and former CEO of Rackspace Hosting Ltd.

R. Denny Alexander

Mr. R. Denny Alexander is Independent Director of the Company. He was one of the founding directors of Overton Bank and Trust in Fort Worth in 1978. For 14 years, he served as chairman of the board and director of Overton Bancshares, which merged with Cullen/Frost in 1998. He is currently the trustee of two private family foundations and manages investments. Mr. Alexander is a graduate of Stanford University with a BA degree in Economics and also earned an MBA degree in Finance from Stanford’s Graduate School of Business. He is a trustee emeritus of Texas Christian University, where he formerly served as a trustee and chair of the Fiscal Affairs Committee. In addition, he has chaired the Chancellor Search Committee at TCU. It is because of his experience in banking and wealth management, as well as his knowledge of the communities we serve, that the Board has concluded that Mr. Alexander should continue serving on the Board.

Carlos Alvarez

Mr. Carlos Alvarez is Independent Director of the Company. He is chairman and CEO of The Gambrinus Company which he founded in 1986 when he moved from his native Mexico with his family to San Antonio. Gambrinus is a leading U.S. craft brewer and marketer with breweries in Shiner, TX (The Spoetzl Brewery); Portland, OR (Bridge Port Brewing Company); and Berkeley, CA (Trumer Brauerei). He is committed to education and has served on the board of trustees of Davidson College, School Year Abroad, Saint Mary’s Hall (San Antonio); and is a member of the Chancellor’s Circle for the University of Texas system. Mr. Alvarez has made significant contributions to these and other educational institutions’ endowment programs, particularly those geared toward driving greater international engagement. He is a board member of the World Affairs Council of America (Washington, DC) and the World Affairs Council of San Antonio, which he previously served as chairman. Mr. Alvarez has extensive experience in all facets of the business, including a strong background in operations and sales. He has an exceptional understanding of the role marketing strategy and branding plays in the success of a company. It is because of his business acumen, as well as his knowledge of the communities we serve, that the Board has concluded that Mr. Alvarez should continue serving on the Board.

Chris Avery

Mr. Chris Avery is Independent Director of the Company. He is CEO and chairman of the board of James Avery Jewelry, a family-owned company founded by his father in 1954, to create finely crafted jewelry designs. Dr. Avery has served on the James Avery Craftsman board of directors since 1989. A licensed physician and board-certified anesthesiologist, he left his profession as chief of anesthesia at Sid Peterson Memorial Hospital in Kerrville in 1991 to assist in the transition and direction of the family business. He became president and chief operating officer in 1991 and later assumed the roles of CEO and chairman of the board in May 2007. Under his leadership, James Avery Jewelry has become a national brand that designs, manufactures and sells jewelry in its own stores across the U.S. Dr. Avery earned a bachelor’s degree in biology from Stephen F. Austin State University and a medical degree from the University of Texas Medical School at San Antonio (now the University of Texas Health Science Center at San Antonio). After an internship in orthopedic surgery, he worked as an ER physician in San Antonio and Kerrville. He completed an anesthesia residency at Medical Center Hospital in San Antonio and began his anesthesia practice in Kerrville. Dr. Avery is president of the Fredericksburg Hospital Authority board of directors and has served the boards of Hill Country Memorial Hospital in Fredericksburg, Texas and Sid Peterson Hospital in Kerrville, Texas. It is because of his experience in business operations and management, as well as his knowledge of the communities we serve, that the Board has concluded that Dr. Avery should continue serving on the Board.

Crawford Edwards

Mr. Crawford H. Edwards is Independent Director of the Company. Mr. Crawford Edwards is president of Cassco Land Co., Inc. and is the fifth generation of his family involved in managing his family’s ranching business. Since 2005, he has been engaged in the investing in and managing of commercial real estate. After graduating with a bachelor of general studies degree from Texas Christian University and the TCU Ranch Management program, he worked as a petroleum landman in Midland, Texas. Mr. Edwards serves on the board of directors of the Texas and Southwestern Cattle Raisers Association, the Southwestern Exposition and Livestock Show and the National Finance Credit Corporation. It is because of this experience, as well as his knowledge of the communities we serve, that our Board has concluded that Mr. Edwards should continue serving on the Board.

Ruben Escobedo

Mr. Ruben M. Escobedo is Independent Director of the Company. He managed his own company, Ruben Escobedo & Co., CPA, for 30 years. A native of Floresville, Texas, he received a bachelor of business administration degree from St. Mary’s University. He began his practice of public accounting with Price Waterhouse in New York. He serves on the board of directors of CST Brands, Inc. (Corner Stores), where he is on the Audit Committee. He is a past director of Valero Energy Corporation. Escobedo chairs the Audit Committee at the University of Texas at San Antonio. Escobedo is chairman of the board of trustees of the Catholic Community Foundation and is past chair of the board of trustees of St. Mary’s University and the Historical Centre Foundation. He serves on the Executive Committee of the board of directors of United Way of San Antonio and Bexar County. He is founding chair of the San Antonio-Mexico Foundation for Education and was co-chair of the $22.5 million capital campaign for San Fernando Cathedral. It is because of his extensive and varied accounting experience and years of experience at Cullen/Frost, as well as his knowledge of the communities we serve, that our Board has concluded that Mr. Escobedo should continue serving on the Board.

David Haemisegger

Mr. David J. Haemisegger is Independent Director of the Company, He is president of the NorthPark Management Company, which manages NorthPark Center, a major shopping mall in Dallas, Texas. After graduating with a BA degree from Princeton University in his native New Jersey, he earned an MBA degree from the Wharton School at the University of Pennsylvania. He was president and chief operating officer of the Raymond D. Nasher Company until 1995, when he became president of NorthPark Management Company. Mr. Haemisegger is president and a member of the board of trustees and the Audit and Finance Committees at both the Nasher Foundation and the Nasher Sculpture Center. Mr. Haemisegger is Chairman of the board of trustees at the Hockaday School in Dallas where he previously served as the school’s treasurer for five years. In addition, he is a member of the board of trustees of the Dallas Museum of Art and a former member of the board of directors and the Audit, Loan and Executive Committees of NorthPark National Bank. It is because of his experience in banking and real estate, as well as his knowledge of the communities we serve, that our Board has concluded that Mr. Haemisegger should continue serving on the Board.

Karen Jennings

Ms. Karen E. Jennings is Independent Director of the Company. She was senior executive vice president of Human Resources and Corporate Communications at Southwestern Bell Corporation, which became AT&T, Inc. During her long tenure at AT&T, she also held the positions of senior executive vice president of Human Resources and Corporate Communications, and president – Missouri for Southwestern Bell Telephone Company. Mrs. Jennings grew up in Carleton, Michigan, graduating from the University of Arkansas with a BS degree in Education. She also attended the executive education program at the University of Michigan and Northwestern University. She serves on the board of directors of Ladies Pro Golf Association (LPGA). It is because of her experience in business operations, management and telecommunications experience, as well as her knowledge of the communities we serve, that our Board has concluded that Mrs. Jennings should continue serving on the Board.

Richard Kleberg

Mr. Richard M. Kleberg, III, is Independent Director of the Company. He has been managing partner of SFD Enterprises, LLC, a private family investment management firm, for 30 years. He is a graduate of Trinity University with a BS degree in Political Science and the Southwest Graduate School of Banking at SMU. He joined Frost Bank’s executive training program after college and became a trust and business development officer and then a commercial loan officer. Mr. Kleberg served on the board and Audit Committee of the Abraxas Petroleum Corporation for 16 years and was a director and served on the Audit Committee of Kleberg First National Bank. He served as a director and a member of the Investment/ Finance and Compensation Committee of the King Ranch, Inc. He currently serves on the Board of Trustees of Trinity University and sat on the Finance Committee for more than 25 years. He is also past chairman of the board of the San Antonio Livestock Exposition. Mr. Kleberg was appointed to serve as the civilian aide to the Secretary of the Army Texas/South in 2008. In addition, he serves on the development board of the U.T. Health Science Center in San Antonio and on the Chancellor’s Advisory Council of the University of Texas. He is also a trustee of the Naval Aviation Museum Foundation. It is because of his experience in banking and his years of experience at Cullen/Frost, as well as his knowledge of the communities we serve, that our Board has concluded that Mr. Kleberg should continue serving on the Board.

Ida Steen

Ms. Ida Clement Steen is Independent Director of the Company. She is regent emerita for the Texas A&M University System, where she served on the Finance Committee and as special liaison to the Texas Growth Fund Board. A graduate of Trinity University, she was a teacher and administrator at Learning About Learning Educational Foundation. She chaired the 2011 Texas Inaugural Committee as well as the 150th anniversary celebration of King Ranch, Inc. Mrs. Steen has served as chair of the board of trustees of San Antonio Academy and as vice- chair and trustee of the Santa Rosa Children’s Hospital Foundation Endowment Fund. She served on the six-member Texas State Preservation Board, which is chaired by the governor and oversees the State Capitol, the Texas State History Museum and the Governor’s Mansion. By gubernatorial appointment, she sits on the three-member Texas Alcoholic Beverage Commission, the agency that regulates all phases of the alcoholic beverage industry in Texas. It is because of her experience in investing and her years of experience at Cullen/Frost, as well as her knowledge of the communities we serve, that our Board has concluded that Mrs. Steen should continue serving on the Board.

Horace Wilkins

Mr. Horace Wilkins, Jr., is Independent Director of the Company. He was president of Special Markets and a regional president of Southwestern Bell Corporation, which became AT&T, Inc. during his 30-year career with the company. A native of Fort Worth, he received a BS degree in Social Biology from Yale University and earned an MBA degree in General Business from the University of Dallas. He is a member of the board and serves on the Compensation and Benefits Committee of U.S. Sugar Corporation. Mr. Wilkins is also chairman of the board of The Jordan Development Corporation. It is because of his experience in business operations, management and telecommunications and his years of service at Cullen/Frost, as well as his knowledge of the communities we serve, that our Board has concluded that Mr. Wilkins should continue serving on the Board.