Fifth Third Appoints Jerry Burris and Eileen Mallesch to Bancorp Board of Directors
September 21 2016 - 2:08PM
Business Wire
Fifth Third Bancorp (Nasdaq: FITB) today announced the
appointments of Jerry W. Burris and Eileen A. Mallesch to the
Bancorp Board of Directors.
“Both of these individuals represent outstanding additions to
the Board and we welcome them,” said Marsha C. Williams, chair of
the Fifth Third Bancorp Board.
She added, “Jerry’s background as a CEO of Associated Materials,
a privately held company, as well as his 20 years of management
background with General Electric provide deep and broad management
expertise. Eileen’s career includes roles as a CFO with Genworth
Financial as well as a variety of other finance leadership roles at
other companies including PepsiCo. That will enable her to make a
substantial contribution to our board as well.”
Prior to serving as CEO and president of Associated Materials,
LLC from 2011 to 2014, Jerry Burris was a senior executive with
Barnes Group Inc. for five years, including serving as president of
Precision Components. He also served in various management roles at
GE, including president and CEO of Advanced Materials Quartz &
Ceramics, general manager of Global Services for GE Healthcare, and
general manager of Global Sourcing for GE Industrial Systems. He
first joined GE in 1986.
Burris’ expertise includes strong technical marketing skills, a
sound understanding of how best to integrate technology, rapid
innovation, mergers and acquisitions, and cost and efficiency
management based on his Six Sigma training and experiences.
Burris has been an independent director of Pentair plc. since
2007. He also serves as an advisor to GenNx360 Capital Partners, a
private equity firm. Burris received his MBA from the J.L. Kellogg
Graduate School of Management at Northwestern University and his BS
in Electrical Engineering from Purdue University, and resides in
Aurora, Ohio. His community involvement is extensive and has
included roles with the Purdue University President’s Diversity
Council and the North Carolina A&T State University College of
Engineering.
“I’m pleased to be a part of such a strong and well-managed
financial institution,” Burris said. “I have long admired Fifth
Third’s commitment to the communities and industries it serves. I
am excited about leveraging my background for the benefit of the
Bank and its customers and contributing my perspective.”
Eileen Mallesch is a CPA and served as the senior vice president
and CFO for Nationwide Insurance, Property and Casualty segment
from 2005 to 2009. She has more than 25 years of broad finance and
strategy experience in a variety of industries ranging from
insurance and telecommunications to consumer products and
manufacturing.
From 1998 to 2005, Mallesch progressed from controller to CFO at
GE for its Group Insurance and Life businesses, culminating in her
role as CFO at Genworth Financial Life Insurance segment, which was
spun off from GE in 2004. She previously held finance leadership
roles with PepsiCo and Asea Brown Boveri, a world leader in power
and automation technology.
In addition to financial expertise, Mallesch has deep experience
in enterprise resource planning and large scale technology
integrations, strategic planning, managing acquisitions and
divestitures, and risk and compliance management, particularly in
regulated industries.
She currently serves on the boards of directors of State Auto
Financial Corporation and Bob Evans Farms, Inc. and serves as the
chair of the Audit committee for both. Earlier in 2016 Mallesch was
named to the board of Libbey, Inc.
A graduate of the City University of New York with a bachelor’s
degree in Accounting, Mallesch also is a member of the National
Association of Corporate Directors (NACD), Women Corporate
Directors (WCD) and American Institute of Certified Public
Accountants (AICPA). She currently resides in Gahanna, Ohio and is
actively involved in the community, including serving on the board
for the Columbus College of Art and Design (CCAD).
“I am excited to serve on the board of Fifth Third,” said
Mallesch. “This represents a terrific opportunity for me to bring
my diverse set of business experiences to the Bank. I have
personally seen the impact that Fifth Third has had on Columbus and
central Ohio and am proud to be able to play a significant role in
the future success of the Bank.”
About Fifth Third:
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. The Company has $144 billion in
assets and operates 1,191 full-service Banking Centers, including
94 Bank Mart® locations, most open seven days a week, inside select
grocery stores and 2,541 ATMs in Ohio, Kentucky, Indiana, Michigan,
Illinois, Florida, Tennessee, West Virginia, Georgia and North
Carolina. Fifth Third operates four main businesses: Commercial
Banking, Branch Banking, Consumer Lending, and Wealth and Asset
Management. Fifth Third also has an 18.3% interest in Vantiv
Holding, LLC. Fifth Third is among the largest money managers in
the Midwest and, as of June 30, 2016, had $305 billion in assets
under care, of which it managed $26 billion for individuals,
corporations and not-for-profit organizations. Investor information
and press releases can be viewed at www.53.com. Fifth Third’s
common stock is traded on the Nasdaq® Global Select Market under
the symbol “FITB.” Fifth Third Bank was established in 1858.
Copyright © 2016. Fifth Third Bank, Member FDIC, Equal Housing
Lender, All Rights Reserved.
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Fifth Third BancorpLarry Magnesen, 513-534-8055
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