Robert Shaffer Named Fifth Third Bancorp's Chief Human Resources Officer
February 28 2017 - 4:15PM
Business Wire
Fifth Third Bancorp (Nasdaq: FITB) announced today that Robert
Shaffer has been named its chief human resources officer. Shaffer
previously served as chief auditor, a post he had held since August
2007. He also had been promoted to executive vice president in
February 2010. Shaffer will report to Chief Administrative Officer
Teresa Tanner.
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Fifth Third Bancorp announced today that
Robert Shaffer has been named its chief human resources officer
(Photo: Business Wire)
Shaffer joined Fifth Third in 2002 as group audit manager. He
was promoted to director of financial audit in 2003 before becoming
chief auditor.
"Bob Shaffer will be a terrific head of human resources,” said
President and Chief Executive Officer Greg Carmichael. “In addition
to his broad base of knowledge regarding every unit and function
within the Bank, Bob has demonstrated exemplary leadership with
respect to talent selection and development as well as employee
engagement. This demonstrates the depth of talent and bench
strength within Fifth Third.”
Tanner added, “For many years, Bob has been among our most
admired leaders. The Audit team has exported great talent
throughout our organization in functions like Information
Technology, Business Controls, Enterprise Risk Management and more.
Bob’s commitment to employee development is reflected in the
thoughtful approach he has taken with career coaching, mentorship
and individual development plans. He leads by example every
day.”
Prior to joining Fifth Third Bank, Shaffer served as a partner
in Arthur Andersen’s Business Advisory Practice in Chicago, where
he specialized in the audit of public companies in the financial
services industry. He began his career with KPMG’s Assurance
Service Practice in Pittsburgh in 1991.
Shaffer has extensive civic involvement, having previously
served as the 2011 chair of Fifth Third’s United Way corporate
campaign. He currently serves on the United Way of Greater
Cincinnati’s Impact Cabinet, and received that organization’s
Community Service Award for Developing Resources in 2012.
“I am thrilled to move into this role at Fifth Third,” Shaffer
said. “I have always considered people management and talent
management priorities. Effective human resources management is a
personal passion. I look forward to helping the entire organization
maximize the value that is gained by building strong and highly
engaged teams.”
An interim head of Audit has been named while a search is
underway for Shaffer’s replacement as chief auditor.
About Fifth Third Bancorp
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. As of December 31, 2016, the
Company had $142 billion in assets and operates 1,191 full-service
Banking Centers, and 2,495 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
& Asset Management. Fifth Third also has a 17.9% interest in
Vantiv Holding, LLC. Fifth Third is among the largest money
managers in the Midwest and, as of December 31, 2016, had $315
billion in assets under care, of which it managed $31 billion for
individuals, corporations and not-for-profit organizations through
its Trust and Brokerage businesses. 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.”
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version on businesswire.com: http://www.businesswire.com/news/home/20170228006818/en/
Fifth Third BancorpLarry Magnesen – Corporate Communications,
513-534-8055Larry.Magnesen@53.comorSameer Gokhale – Investor
Relations, 513- 534-2219Sameer.Gokhale@53.com
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