Cullen/Frost adds Shields & Rummel to board; Avery to retire at 2026 annual meeting

CULLEN/FROST BANKERS, INC.

Dr. Chris Avery will retire from the board when his term expires at the April 29, 2026 annual meeting.
Marsha M. Shields, CEO of McCombs Enterprises, elected director effective immediately.
Jeffrey M. Rummel, former EY San Antonio managing partner, elected director effective immediately.
Board size expanded from 13 to 15 members.
Shields and Rummel will serve on Audit and Risk Committees; both deemed independent.

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