Richard E. Anthony was the CEO of Synovus Financial from 2005 to 2010, leading the company during critical times, especially through the financial challenges posed by the economic downturn. He has a strong background in finance, having started his career...
Richard E. Anthony was the CEO of Synovus Financial from 2005 to 2010, leading the company during critical times, especially through the financial challenges posed by the economic downturn. He has a strong background in finance, having started his career in banking in 1971. Under his leadership, Synovus focused on aligning compensation with company performance, particularly during the TARP regulations. Known for his strategic approach, he had to adjust executive compensation plans to maintain performance during tough times, like not granting bonuses when metrics weren’t met. Interestingly, during his tenure, Anthony was also appointed Chairman of the Board in 2006 and remained influential in shaping the company’s direction up until his departure. What stands out is his ability to navigate leadership changes; he took a medical leave in 2010, making way for Kessel Stelling to take over the CEO position, yet remained involved as Chairman. His insider trading during his time at Synovus shows a notable fluctuation in stock values, with peaks reaching over $7 million that indicate a keen awareness of market movements. This context gives him a unique perspective on risk and reward in the financial space, which he utilized throughout his career.