Pinnacle Financial Partners and Synovus Financial Corp announced the anticipated membership of the board of directors for the combined company resulting from their proposed combination.
The new board will consist of eight directors from Pinnacle and seven from Synovus, with each company contributing six independent directors.
M. Terry Turner will serve as the non-executive chair, and Tim E. Bentsen will be the lead director.
Board Composition
The combined company's board will be a mix of Pinnacle and Synovus directors, showcasing a strong leadership team for the future.
Independent Directors
Both companies will have six independent directors each, ensuring a balanced and unbiased decision-making process.
Integration Progress
Teams from Pinnacle and Synovus are actively working on integration planning to successfully bring the firms together.
Shareholder Approval
Shareholders of both companies have voted to approve the merger, setting the stage for further developments.
- The new board composition reflects a strategic mix of experience and expertise from both Pinnacle and Synovus, aiming to support the growth and success of the combined entity.
- With the merger expected to close on Jan. 1, 2026, the finalized board structure sets a clear path for the future operations and strategic decisions of the company.
The announcement of the board of directors marks a significant milestone in the merger process of Pinnacle Financial Partners and Synovus Financial Corp, signaling a unified leadership approach for the combined company's future endeavors.