Atlantic Union Bankshares Names New CFO, Announces Transition Plan

Alexander D. Dodd to succeed Robert M. Gorman as Chief Financial Officer in April 2026

Feb. 24, 2026 at 11:56am

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Atlantic Union Bankshares Corporation, a regional bank holding company headquartered in Richmond, Virginia, has appointed Alexander D. Dodd as its new Chief Financial Officer, effective April 13, 2026. Dodd will succeed Robert M. Gorman, who is retiring after nearly 14 years with the company. Gorman will remain with Atlantic Union Bankshares as an executive advisor through September 30, 2026 to assist with the transition.

Why it matters

The appointment of a new CFO is an important leadership transition for a regional bank like Atlantic Union Bankshares. The CFO plays a critical role in the financial management and strategic direction of the organization. Dodd's extensive experience in banking finance, including serving as interim CFO for TD Bank's U.S. operations, positions him well to lead Atlantic Union Bankshares' finance function during a period of potential industry changes and economic uncertainty.

The details

Alexander D. Dodd, 49, joins Atlantic Union Bankshares from TD Bank Group, where he served in multiple senior finance management roles over nearly 20 years, most recently as Deputy CFO and Executive Vice President. Dodd also previously served as interim CFO for TD Bank's U.S. operations. Prior to TD, Dodd started his banking career at MBNA and later joined TD Banknorth before its combination with Commerce Bank. At TD Bank, Dodd assumed roles of increasing responsibility, including managing several line of business CFO roles and serving as the Corporate Segment CFO for TD Bank Group's enterprise functions.

  • Alexander D. Dodd will become the new Chief Financial Officer of Atlantic Union Bankshares, effective April 13, 2026.
  • Robert M. Gorman, the current CFO, will retire after nearly 14 years with the company.
  • Gorman will remain with Atlantic Union Bankshares as an executive advisor through September 30, 2026 to assist with the transition.

The players

Alexander D. Dodd

A 49-year-old banking executive with over 20 years of enterprise finance leadership experience across U.S. and Canadian banking, including serving as Interim CFO for TD Bank's U.S. operations.

Robert M. Gorman

The current Chief Financial Officer of Atlantic Union Bankshares, who is retiring after nearly 14 years with the company.

John C. Asbury

The President and Chief Executive Officer of Atlantic Union Bankshares.

Atlantic Union Bankshares Corporation

A regional bank holding company headquartered in Richmond, Virginia that is the parent company of Atlantic Union Bank.

TD Bank Group

A Canadian multinational banking and financial services corporation where Dodd previously held senior finance management roles.

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What they’re saying

“Alex will be a valuable addition to our leadership team. He brings more than 20 years of enterprise finance leadership experience across U.S. and Canadian banking, including serving as Interim CFO for TD Bank's U.S. operations—a $375 billion asset institution. Alex also has experience at smaller institutions and offers extensive end-to-end experience across the finance functions of a regional bank.”

— John C. Asbury, President and Chief Executive Officer of Atlantic Union Bankshares

“I also want to thank Rob for his flexibility while we conducted a thorough search and his willingness to stay on to assist with the transition.”

— John C. Asbury, President and Chief Executive Officer of Atlantic Union Bankshares

What’s next

Gorman will remain with Atlantic Union Bankshares as an executive advisor through September 30, 2026 to assist with the transition to the new CFO, Alexander D. Dodd.

The takeaway

The appointment of Alexander D. Dodd as the new Chief Financial Officer of Atlantic Union Bankshares represents an important leadership transition for the regional bank. Dodd's extensive experience in banking finance, including serving as interim CFO for a much larger institution, positions him well to lead Atlantic Union Bankshares' finance function during a period of potential industry changes and economic uncertainty.