Noopur Davis
REGIONS FINANCIALAbout Noopur Davis
Noopur Davis, 63, is an independent director of Regions Financial Corporation (RF) since 2022. She serves as Corporate Executive Vice President, Global Chief Information Security and Chief Product Privacy Officer at Comcast, and was appointed in February 2023 to the U.S. President’s National Security Telecommunications Advisory Committee. She holds a B.S. in Electrical Engineering (Auburn University) and an M.S. in Computer Science (University of Alabama in Huntsville). Her board profile emphasizes deep cybersecurity, technology, and governance expertise .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Comcast | Corporate EVP, Global CISO & Chief Product Privacy Officer | 2016–Present | Leads global product security/privacy, cloud/information security, cyber risk, incident response; technical fraud; Legal Response Center |
| Intel ISecG | Vice President, Global Quality | Pre-2016 | Quality leadership for Intel Security Group |
| Carnegie Mellon SEI | Senior Member of Technical Staff; Visiting Scientist | Prior experience | Software engineering and security research |
| Davis Systems | Principal (management consulting) | Prior experience | Technology/cybersecurity consulting |
| Various Fortune 500 | Leadership/technical roles | Prior experience | Technology and cybersecurity leadership |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Comcast | Corporate EVP, Global CISO & Chief Product Privacy Officer | 2016–Present | Executive officer role |
| President’s National Security Telecommunications Advisory Committee (NSTAC) | Member | Appointed Feb 2023 | Federal advisory body on communications/information infrastructure |
| IEEE; ACM | Member | Ongoing | Professional affiliations |
Board Governance
- Committee memberships: Risk Committee (member); Technology Committee (member). No chair roles .
- Independence: Affirmed independent (2025 annual review) .
- Attendance: All incumbent directors attended ≥75% of meetings; average attendance ~96% in 2024. All but one director attended the 2024 annual meeting; Davis not listed as absent .
- Years of service on RF board: Since 2022 (approx. 2 years as of Mar 3, 2025) .
- Board/committee workload context: 2024 meetings—Board (8), Risk (4 plus 2 joint), Technology (5) .
- Skills matrix: Business Operations & Technology Innovation/AI; Information/Cyber Security; Corporate Governance; Human Capital Management; Strategic Planning .
Fixed Compensation (Independent Director – 2024)
| Component | Amount |
|---|---|
| Annual cash retainer | $100,000 |
| Committee member retainers (Risk, Technology) | $10,000 + $10,000 = $20,000 |
| Total fees earned (cash) | $120,000 |
Notes:
- No meeting fees; structure is retainer-based .
- Directors may defer cash under the Directors’ Deferred Investment Plan .
Performance Compensation (Equity; Independent Director – 2024)
| Grant/Units | Detail |
|---|---|
| Annual equity retainer (RSUs) | Target $130,000 in RSUs, granted three business days post-annual meeting; vest at the next annual meeting |
| 2024 stock awards (grant-date fair value) | $129,983 |
| Outstanding RSUs at 12/31/2024 | 6,933 units |
| RSUs vesting within 60 days of record date | 7,008 shares “may be acquired within 60 days” (reflecting April 16, 2025 vest and dividend equivalents) |
Vesting/performance mechanics:
- Independent director RSUs are time-based; no performance metrics disclosed. Vesting occurs at the next annual meeting; deferral to a later date is optional via the Directors’ Deferred RSU Plan .
Other Directorships & Interlocks
| Category | Detail |
|---|---|
| Current public company boards | None listed for Davis |
| Committee roles at other public companies | N/A |
| Business relationships with RF (related party context) | Regions paid Comcast Cable (where Davis is an officer) ~$204,201 in 2024 for customary cable/internet services; deemed arm’s-length/ordinary course; independence preserved |
| CHR interlocks | None; CHR members and interlock disclosure show no interlocks; Davis not on CHR |
Expertise & Qualifications
- Global cybersecurity and privacy leadership (CISO responsibilities, incident response, security engineering) .
- Technology and product security governance; AI/innovation oversight experience (aligned with Technology Committee mandate) .
- Recognized by appointment to NSTAC; strong public-sector advisory exposure on critical communications security .
- Human capital leadership and governance acumen; risk oversight fit with Risk Committee .
Equity Ownership
| Measure | Amount |
|---|---|
| Common shares owned | 13,374 |
| Shares acquirable within 60 days (e.g., scheduled RSU vest) | 7,008 |
| Total beneficial ownership | 20,382 |
| % of shares outstanding | Less than 1% (“*”) |
| Shares pledged | None; anti-pledging policy in force |
| Hedging policy | Hedging prohibited; all directors in compliance |
| Stock ownership guideline | 5× annual cash retainer for directors |
| Compliance status | All directors except Jenkins and Rand are in compliance (Davis not listed as exception) |
Governance Assessment
Strengths
- Cybersecurity and technology risk expertise directly aligned with RF’s risk and technology oversight needs; Davis sits on both Risk and Technology Committees, which is a high-signal fit for board effectiveness in a regulated bank environment .
- Independence affirmed; standing committees are 100% independent; robust anti-hedging/anti-pledging and stock ownership alignment (meets guideline) support investor alignment .
- Engagement/attendance culture is strong at RF; average 96% attendance in 2024; all incumbents ≥75% (individual attendance not disclosed) .
Watch items / potential conflicts
- Comcast customer relationship: RF paid ~$204k to Comcast Cable in 2024 (Davis is a Comcast officer). The board deemed it ordinary course/arm’s-length and not material to independence; still a related-party exposure to monitor for escalation in scope/amounts .
- Time demands: Senior operating role at Comcast plus RF committee work; RF’s overboarding policy and independence determinations indicate compliance, and Davis serves on no other public boards, mitigating workload concerns .
Compensation and alignment
- 2024 director pay mix is balanced between cash retainer/committee fees ($120k) and time-vesting RSUs ($129,983), with stock ownership requirements reinforcing alignment; no performance-based director awards, which is customary and avoids misaligned risk incentives at the board level .
Overall implication for investors
- Davis strengthens board oversight of cyber and technology transformation—key risk domains for banks—while maintaining independence and alignment. The Comcast tie is small and treated as ordinary course; continue to monitor for scale or terms changes. No attendance or hedging/pledging red flags identified .