Tuesday, July 23, 2024
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Renasant Corporation promotes president and COO Kevin Chapman to CEO

  • Leadership Transition at Renasant Corporation: Renasant Corporation, the parent company of Renasant Bank, announced that its President and COO, Kevin Chapman, will become the CEO of both the bank and the corporation.
  • Succession Plan: Chapman will succeed the incumbent CEO, Mitchell Waycaster, who is set to step down in May 2025. Waycaster will continue to serve as Executive Vice Chairman for both Renasant Corporation and its banking subsidiary after stepping down as CEO.
  • Joint Statement: Renasant’s Executive Chairman, Edward Robinson McGraw, and Waycaster described Chapman as a “dynamic leader” with expertise in corporate banking strategy and financial services marketplace.
  • Chapman’s Background: Chapman has been with Renasant Bank since 2005, holding various positions including Chief Strategy Officer and Corporate Accounting Officer. He has also served as CFO of both the corporation and the bank since 2011.
  • Financial Performance: Renasant Bank recently disclosed its first-quarter earnings, showing an increase in deposits and loans compared to the same quarter in 2023. The bank currently holds $14.2 billion in deposits and $12.5 billion in loans.
  • Industry News: In related news, Canadian SaaS fintech Zafin announced Charbel Safadi as its new CEO, succeeding Al Karim Somji, who held the position for over two decades.

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