Fifth Third Bancorp Elects Greg D. Carmichael Chairman of the Board
February 01 2018 - 6:44PM
Business Wire
Marsha C. Williams Named Lead
Director
Fifth Third Bancorp announced today that its Board of Directors
has elected Greg D. Carmichael, chairman of the board, effective
immediately. Carmichael replaces Marsha C. Williams, who has been
elected lead director.
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Greg Carmichael, CEO and chairman of the
Board for Fifth Third Bancorp. (Photo: Business Wire)
Carmichael will retain his title of chief executive officer. He
became CEO on Nov. 1, 2015, and was named president in 2012 while
serving as the Bank’s chief operating officer. Under Carmichael’s
leadership, the Bank has taken a number of significant steps to
enhance the profitability and resiliency of the Bank while
leveraging technology to deploy innovative customer-focused
solutions. The Bank recently received an outstanding rating under
the Community Reinvestment Act acknowledging the Bank’s commitment
to the communities it serves. Carmichael joined Fifth Third in 2003
as Chief Information Technology Officer.
“This promotion recognizes Greg’s contributions and the Board’s
confidence in his ability to guide our organization,” Williams
said. “We’re excited to recognize the tremendous job that Greg has
done. He has a dynamic vision for the future of our company and our
industry.”
Williams held the lead director role for two years before being
elected chair in April 2016. As lead director she will be
responsible for coordinating the activities of the independent
directors and advising Carmichael, among other duties. Williams has
been a Fifth Third board member since 2008 and is retired chief
financial officer for Orbitz Worldwide Inc.
About Fifth ThirdFifth Third
Bancorp is a diversified financial services company headquartered
in Cincinnati, Ohio. As of Dec. 31, 2017, the Company had $142
billion in assets and operated 1,154 full-service Banking Centers
and 2,469 ATMs with Fifth Third branding in Ohio, Kentucky,
Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia,
Georgia and North Carolina. In total, Fifth Third provides its
customers with access to more than 54,000 fee-free ATMs across the
United States. Fifth Third operates four main businesses:
Commercial Banking, Branch Banking, Consumer Lending and Wealth
& Asset Management. Fifth Third is among the largest money
managers in the Midwest and, as of Dec. 31, 2017, had $362 billion
in assets under care, of which it managed $37 billion for
individuals, corporations and not-for-profit organizations through
its Trust and Registered Investment Advisory 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.” Fifth Third Bank was established in 1858.
Member FDIC.
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Fifth Third BancorpSean Parker, 513-534-NEWS
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