Retired Chairman and CEO of BB&T Corporation • November 16, 2010
John A. Allison is Retired Chairman and CEO of BB&T Corporation, the 10th largest financial services holding company headquartered in the U. S. Mr. Allison began his service with BB&T in 1971 and managed a wide variety of responsibilities throughout the bank. He became president of BB&T in 1987 and was elected Chairman and CEO in July 1989. During Mr. Allison’s tenure as CEO from 1989 to 2008, BB&T grew from $4.5 billion to $152 billion in assets. In March 2009, he joined the faculty of Wake Forest University School of Business as Distinguished Professor of Practice.
Allison is a Phi Beta Kappa graduate of the University of North Carolina at Chapel Hill, where he received a B.S. degree in business administration (1971). He received his master’s degree in management from Duke University (1974).
He is also a graduate of the Stonier Graduate School of Banking and has received Honorary Doctorate Degrees from Clemson University (2005), East Carolina University (1995), Mount Olive College (2002), Marymount University (2008), and Mercer University (2009). Allison received the Corning Award for Distinguished Leadership, was inducted into the NC Business Hall of Fame and received the Lifetime Achievement Award from the American Banker in 2009. He was recognized by the Harvard Business Review as one of the top 100 most successful CEO’s in the world over the last decade.
He serves on the Wake Forest University Baptist Medical Center Board of Visitors, the Board of Visitors at the Fuqua School of Business at Duke University and the Kenan-Flagler Business School at UNC-Chapel Hill. He is also a member of the boards of directors of the Independent College Fund and the Global TransPark Foundation.
A native of Charlotte, N.C., Allison is married to the former Elizabeth McDonald of Elkin, N.C. They have two sons and one daughter.
Parish assignments included appointments as Associate Pastor at St. Joseph, Texas in 1970 and St. Anthony of Padua, Baltimore in 1976. He was Associate Administrator, then Administrator, at the CYO Retreat House (now Monsignor O’Dwyer Retreat House) in Sparks, Maryland from 1981-1984. In 1984, Bishop Malooly became Director of Clergy Personnel for the Archdiocese of Baltimore. He was appointed Chancellor and Vicar General in 1989. In 1990 he was named Prelate of Honor to the Holy Father with title of Monsignor.
He is a member of the Knights of Malta and Knights of Columbus. In April of 1999, he was awarded the President’s Medal by St. Mary’s Seminary & University for his long service to the school and to the people, priests, and bishops of the Archdiocese of Baltimore. In 2006 he received the Cardinal Shehan Award given by the Archdiocesan Youth Office. On May 21, 2006 he was awarded an Honorary Doctorate in Humane Letters by Mount Saint Mary’s University, Emmitsburg, Maryland. He presently serves on the Board of Trustees of Good Samaritan Hospital, St. Mary’s Seminary and University, and Mount St. Mary’s University.