Roger W. Jenkins
REGIONS FINANCIALAbout Roger W. Jenkins
Roger W. Jenkins, age 63, is an independent director of Regions Financial Corporation (RF) appointed in January 2025, serving on the Risk and Technology Committees. He is the former CEO of Murphy Oil Corporation (2013–2024) with prior senior roles in exploration, production, and operations, and began his career at Texaco leading ultra-deepwater drilling and global safety programs. He holds a bachelor’s degree from Louisiana State University, an MBA from Tulane University’s A.B. Freeman School, and completed Harvard’s Advanced Management Program; honors include EY Entrepreneur of the Year (2023) and industry recognition spanning 2016–2023 .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Murphy Oil Corporation | Chief Executive Officer; President; Chief Operating Officer; President, Exploration & Production; various leadership roles | CEO 2013–2024; President 2013–2023; COO 2012–2013; E&P President 2009–2013; senior roles since 2001 | Led strategic repositioning; expertise in M&A, safety, operational discipline, asset deployment |
| Texaco | Offshore drilling lead, Gulf of Mexico; instituted Global Drilling Safety Management | Pre-2001 | Set ultra-deepwater records; built safety systems |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Noble Corporation | Director (former, within past five years) | Not disclosed | Listed as prior public directorship in last five years |
| Current public boards | None beyond RF | — | Board composition shows Jenkins serves on 1 public board (including Regions) |
Board Governance
- Committee assignments: Risk Committee member; Technology Committee member. Not a chair; Lead Independent Director is Ruth Ann Marshall; Chairs are Suquet (Audit), Johnson (CHR), Marshall (NCG), Prokopanko (Risk), Golodryga (Technology) .
- Independence: Board affirmed Jenkins is independent under NYSE standards (February 2025); ~93% of directors are independent; all standing committees are fully independent .
- Board refreshment: NCG added Jenkins in January 2025 for CEO-level operating expertise and strong risk management; new directors typically start on Risk or Audit to acclimate .
- Attendance baseline: 2024 Board/committee meetings totaled 39; incumbent directors averaged ~96% attendance and all met the ≥75% threshold; Jenkins joined in 2025 (no 2024 attendance data) .
Fixed Compensation
| Element | Amount | Vesting/Timing | Notes |
|---|---|---|---|
| Annual cash retainer | $100,000 | Paid quarterly; pro-rated if appointed mid-term | Deferrable via Directors’ Deferred Investment Plan |
| Annual equity retainer (RSUs) | $130,000 | Granted 3 business days post annual meeting; vests at next annual meeting | Number of RSUs = dollar value / grant-date close; deferrable via Deferred RSU Plan with dividend equivalents |
| Committee member retainer (non-chair) | $10,000 per committee (Risk, Technology applicable) | Paid quarterly; pro-rated if appointed mid-term | Audit Committee members receive $15,000 (not applicable to Jenkins) |
| Committee chair retainer | $25,000–$40,000 depending on committee | Paid quarterly | Not applicable to Jenkins (not a chair) |
| Lead Independent Director retainer | $50,000 | Paid quarterly | Not applicable to Jenkins |
Directors may defer cash and/or RSUs; RSUs vest on the next annual meeting date unless deferred (then delivered per election, no later than the 10th anniversary) .
Performance Compensation
| Element | Performance Metrics | Payout Range | Notes |
|---|---|---|---|
| Director RSUs | None (time-based vesting) | N/A | Director equity is time-based; no performance metrics are applied to director grants |
Other Directorships & Interlocks
| Category | Detail |
|---|---|
| Shared boards/interlocks | None disclosed for Jenkins; board notes various ordinary-course client relationships across some directors’ affiliated companies (e.g., Murphy Oil) reviewed for independence |
| Overboarding policy | Limits: 4 public boards; 3 if chair/LID; 3 audit committees; all nominees in compliance (Jenkins on 1 including Regions) |
Expertise & Qualifications
- Operating CEO experience through volatile cycles; deep risk management and capital discipline; M&A execution; safety leadership; technology/operations exposure .
- Recognitions: EY Entrepreneur of the Year (2023); Spindletop Award (2022); All-American Wildcatter (2020); LSU Alumnus of the Year and Hall of Distinction (2016) .
Equity Ownership
| Holder | Shares Owned | Shares Acquirable within 60 Days | Total Beneficial | % of Class | Notes |
|---|---|---|---|---|---|
| Roger W. Jenkins | 500 | 1,862 | 2,362 | <1% | Includes 500 held jointly with spouse; acquirable shares reflect RSUs scheduled to vest around the annual meeting; shares outstanding: 905,790,679 as of Feb 18, 2025 |
| Ownership guideline | 5× annual cash retainer (directors) | — | Compliance status | — | As of record date, Jenkins at 12% of guideline (new director); directors must retain 50% of net shares until compliant |
| Hedging/pledging | Prohibited | — | Compliance | — | No director has pledged shares; anti-hedging/short sales policies in force |
Governance Assessment
- Strengths: Independent status; assigned to risk- and tech-focused committees aligned to his profile; Board’s fully independent committees, robust Lead Independent Director role, and enhanced evaluations through third-party tools indicate strong oversight quality .
- Alignment & incentives: Clear director pay structure (cash + time-based RSUs), stock ownership guidelines with retention requirements, and anti-hedging/pledging policies support shareholder alignment .
- Conflicts review: Murphy Oil (former employer) maintains ordinary-course banking relationships with Regions; NCG/Board reviewed and deemed not material to independence; no related-person transactions reported under policy .
- Watch items / red flags: Ownership guideline shortfall typical for a new director (12% at record date)—monitor time to compliance per policy ; 2024 attendance not applicable—track 2025 committee and board participation as he ramps up .
- Shareholder signals: Executive Say-on-Pay support at 95.3% in 2024 suggests overall compensation governance credibility, indirectly supportive of board oversight practices .