After 33 years of service, Scott Anderson, president and CEO of Zions Bank, is set to retire on April 1, 2024. Known as a “Giant in Our City” and a strong advocate for small businesses, Anderson has been a pivotal figure in the growth of Zions Bank as Utah’s leading full-service commercial bank. His leadership and community involvement have earned him the title of “Utah’s unelected governor” due to his extensive engagement with the local business community.
Despite stepping down from his current role, Anderson will continue to serve as a nonexecutive chair at the bank, ensuring his continued involvement with Zions Bank. The company has announced a new leadership lineup, with Paul E. Burdiss succeeding Anderson as CEO and president. The reshuffling of leadership positions aims to bring in fresh perspectives and energy while staying true to the bank’s commitment to serving the community and providing reliable banking services.
As Zions Bank celebrates its 150-year anniversary, the transition in leadership comes at a critical time for the institution following challenges like a stock plunge in March. Anderson’s legacy of service and dedication to the community will be remembered as the bank moves forward under new leadership. The incoming executives, chosen from within the company’s own team, are poised to bring renewed drive and vision to Zions Bank, ensuring its continued success and impact on the local community.
