BB&T Names Two New Board Members, Rufus Yates and Cynthia Williams

BB&T Corporation

today named two new members to its Executive Management team. The announcement, which is effective immediately, is part of a long-term plan to increase its top leadership group. Rufus Yates, president and CEO of Scott and Stringfellow LLC and manager of BB&T Capital Markets, and Cynthia Williams, chief corporate communications officer, will join the 10 current members on the Executive Management team, which sets policy and direction for the corporation. "These moves position our management team for the future," said Chairman and Chief Executive Officer Kelly S. King. "Rufus and Cynthia are both proven leaders who, along with the rest of our management team, will continue to build on our 140-year legacy as a solid and stable financial institution." As president and CEO of Richmond, Va.-based Scott and Stringfellow, Yates, 55, is responsible for the Private Client Group and Capital Markets activities. In addition, he oversees Clearview Correspondent Services LLC, BB&T's securities clearing broker dealer. As executive vice president and manager of Winston-Salem-based BB&T Capital Markets, Yates also is responsible for the corporate banking, loan syndications, and interest-rate derivative groups.  He serves on the boards of several BB&T subsidiaries including BB&T Capital Partners,