Finance
Blue Shield of California Appoints Veteran Finance Leader Kevin Jacobsen to Board of Directors
OAKLAND, Calif., Feb. 23, 2026 /PRNewswire/ — Blue Shield of California today announced the appointment of Kevin Jacobsen, former Chief Financial Officer (CFO) of The Clorox Company, to the nonprofit health plan’s Board of Directors. Jacobsen brings more than three decades of financial and operational leadership experience across global organizations.
During his seven years as CFO at Clorox, he oversaw financial reporting and controls, enterprise risk management, tax, treasury, internal audit, investor relations, global business services, and mergers and acquisitions.
Kevin Jacobsen to its Board of Directors
“Kevin is a deeply respected financial leader with firsthand experience guiding organizations through major operational and digital transformation,” said Pamela DeCoste, Board Chair for Blue Shield of California. “His ability to navigate complexity while keeping a long‑term view will be invaluable to Blue Shield of California as we continue to modernize healthcare delivery and further strengthen our goal to create a healthcare system that’s worthy of our family and friends and sustainably affordable.”
As a member of Clorox’s executive team, Jacobsen was a coarchitect of the company’s multiyear IGNITE transformation strategy, focused on strengthening operations, advancing digital capabilities, evolving the portfolio and significantly expanding innovation. As part of this role, Kevin oversaw the implementation of Clorox’s global ERP financial reporting and controls and financial planning modules, enhancing enterprise-wide processes and operational efficiency. He also led the creation of a Global Business Services organization designed to deliver productivity savings while improving business outcomes through advanced technology.
Jacobsen brings extensive board and governance experience. In addition to Blue Shield of California’s Board of Directors, he serves on the board of Avista Corporation, where he is a member of the Audit, Operations and Technology Committees. He is a Qualified Financial Expert and has served in leadership roles including Chair of the Board of the Clorox Captive Insurance Company from 2021 to 2025. He was also a prior member of the Economic Advisory Council of the San Francisco Federal Reserve from 2022 through 2024.
“Blue Shield’s mission and values resonate deeply with me, particularly its commitment to affordability, transparency and improving the healthcare system for all Californians,” said Jacobsen. “I’m honored to join the Blue Shield of California Board of Directors, and I look forward to contributing my experience to support the nonprofit health plan’s mission to provide access to quality health care that’s sustainably affordable for everyone.”
Jacobsen holds an MBA from the University of Rochester, completed the Wharton Executive Education Program and earned a finance degree from the University of California, Riverside.
About Blue Shield of California
Blue Shield of California strives to create a healthcare system worthy of its family and friends that is sustainably affordable. The health plan is a taxpaying, nonprofit, independent member of the Blue Shield Association with 6 million members, over 6,500 employees and more than $27 billion in annual revenue. Founded in 1939 in San Francisco and now headquartered in Oakland, Blue Shield of California and its affiliates provide health, dental, vision, Medicaid and Medicare healthcare service plans in California. The company has contributed more than $60 million to the Blue Shield of California Foundation in the last three years to have an impact on California communities. For more news about Blue Shield of California, please visit news.blueshieldca.com. Or follow us on LinkedIn or Facebook.
For more news about Blue Shield of California, please visit news.blueshieldca.com. Or follow us on LinkedIn or Facebook.
SOURCE Blue Shield of California
Regions Financial Corp. has completed its acquisition of Montgomery-based investment banking firm The Frazer Lanier Company, expanding its municipal finance and corporate investment banking services.
The Birmingham-based financial company announced Thursday that the acquisition has officially closed. Founded in 1976, Frazer Lanier provides investment banking services specializing in municipal and corporate securities and has served corporations, cities, counties and local boards throughout its history.
According to Regions, the acquisition is intended to strengthen the bank’s capital markets capabilities while enhancing services for public sector and institutional clients across its multi-state footprint.
Frazer Lanier has built its business by serving as an underwriter or placement agent for tax-exempt and taxable bonds, helping public entities and organizations access financing.
“Two of our top priorities at Regions Bank are strategically expanding our services and investing in top-tier banking talent,” John Turner, chairman, president and CEO of Regions Financial Corp., said in a news release. “By welcoming experienced bankers from Frazer Lanier to the Regions family, we are connecting Regions’ clients with even greater capabilities while advancing our long-term strategy for growth.”
As part of the acquisition, Frazer Lanier will be integrated into Regions Bank’s Capital Markets division within the company’s Corporate Banking group.
Brian Willman, head of Corporate Banking for Regions, said the two organizations share a similar approach to serving clients.
“Frazer Lanier has built trust by staying close to clients and helping them navigate important decisions,” Willman said. “Together, we can expand that model by bringing more ideas, more capabilities and more connectivity to clients across our markets.”
Regions said the acquisition will expand its municipal finance and investment banking capabilities, strengthen its services for cities, counties and other public entities, and provide clients with broader access to financing and capital markets solutions.
Financial terms of the acquisition were not disclosed.
MOBILE, Ala. (WALA) – A Mobile County grand jury has indicted the former finance director for the city of Semmes on ethics and theft charges.
Heather Renee Davis, who also previously served as city clerk for the city of Satsuma, faces a 12-count indictment. Ten of the counts are ethics violations.
Allegations
Prosecutors allege Davis improperly used her public positions in Semmes and Satsuma for personal gain, including misappropriating public money and resources.
Two counts accuse her of first-degree theft by deception involving amounts over $2,500. One count is tied to the city of Semmes and one to the city of Satsuma.
Arrest and bond
Jail records show Davis was arrested and later released after posting a $60,000 bond.
Copyright 2026 WALA. All rights reserved.
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