Atlantic Union Bankshares Appoints Alexander D. Dodd as New CFO, Outgoing CFO Robert M. Gorman Transitions to Advisor Role

summarizeSummary

Atlantic Union Bankshares announced the appointment of Alexander D. Dodd as its new Executive Vice President and Chief Financial Officer, effective April 13, 2026, succeeding Robert M. Gorman who will transition to a Senior Financial Advisor role.

check_boxKey Events

• New CFO Appointed

  Alexander D. Dodd has been appointed Executive Vice President and Chief Financial Officer, effective April 13, 2026.

• Outgoing CFO Transition

  Robert M. Gorman will retire as CFO on April 13, 2026, and will continue as Executive Vice President and Senior Financial Advisor through September 30, 2026, to assist with the transition. He will then serve as a non-employee consultant for one year.

• New CFO's Extensive Experience

  Mr. Dodd brings nearly 20 years of finance leadership experience from TD Bank Group, including roles as Deputy CFO, Executive Vice President, and Interim CFO for TD Bank's U.S. operations.

• New CFO Compensation Package

  Mr. Dodd's compensation includes an initial annual base salary of $590,000, a one-time sign-on cash bonus of $500,000, and sign-on equity awards valued at approximately $900,000.

auto_awesomeAnalysis

The appointment of Alexander D. Dodd as the new Chief Financial Officer is a significant leadership change for Atlantic Union Bankshares. Mr. Dodd's extensive background, including his experience as Deputy CFO and Interim CFO for TD Bank's U.S. operations, suggests a strong strategic hire with deep financial services expertise. The structured transition plan, where outgoing CFO Robert M. Gorman will remain as a Senior Financial Advisor to assist with the handover, mitigates potential disruption and signals a well-managed succession process. This orderly change in a critical executive role is a positive indicator for corporate governance and operational continuity.