Mitsubishi UFJ Financial Group (MUFG) announced that Linda Cunningham and Jeffrey Storey have been elected to the boards of directors for MUFG Americas Holdings Corporation and its U.S. banking subsidiary, MUFG Union Bank, N.A., effective July 19, 2021.
 
Ms. Cunningham is a former bank regulator who spent more than three decades at the Office of the Comptroller of the Currency (OCC) with roles in Bank Supervision and Enterprise Risk Management. Before retiring from the OCC, she served as the regulator's first Chief Risk Officer and led the Enterprise Risk Management Office. During most of her career, Ms. Cunningham served as a Large Bank Examiner in Charge, supervising many of the largest and most complex financial institutions operating in the U.S.

Mr. Storey is president and CEO of Lumen Technologies, a telecommunications company which provides various integrated services to business and residential customers. He has nearly four decades of experience in the telecommunications industry and was formerly president and CEO of Level 3 Communications, a global telecommunications provider. Mr. Storey began his career at Southwestern Bell Telephone.

"We're excited to welcome Linda and Jeff to MUFG during these unprecedented times for our industry and wider market," said Executive Chairman Kazuo "Kaz" Koshi. "Linda and Jeff's decades of combined experience in leading transformational change will help ensure that we best position MUFG for the future. Their leadership will help us adapt to an ever-evolving market, challenge our rivals, and live up to regulatory expectations."

Ms. Cunningham and Mr. Storey will replace current board members Ann Jaedicke and Barbara Rambo, who are retiring from the boards of directors.

Executive Chairman Koshi offered: "We also thank Ann and Barbara for their many years of service to the board and to MUFG. They've each helped shape our bank into the institution it is today, and we are deeply grateful for their many contributions and accomplishments over the years."