BB&T elects new board chairman
WINSTON-SALEM — The directors of BB&T Corp. on Tuesday elected CEO Kelly S. King as the chairman of the board, effective Jan. 1.
King succeeds John A. Allison, who has served as chairman since 1989. Allison will continue to serve on the 18-member BB&T corporate board, according to a news release from the company.
"Kelly has done an outstanding job as CEO in a very challenging environment," Allison stated in the release. "We have worked closely together for 37 years. As chairman, I am confident he will provide strong and objective leadership to the board based on a deep understanding of BB&T's values, philosophy and strategies. Most importantly, he is a person of the highest character."
King, 61, stepped into the chief executive's role in January. The Raleigh native began his career at BB&T in 1972.
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