DALLAS, Nov. 22, 2011 /PRNewswire/ -- Comerica
Incorporated (NYSE: CMA) today announced that James J. Herzog has been named executive vice
president and Treasurer. The announcement was made by
Karen L. Parkhill, vice chairman and
Chief Financial Officer.
(Photo: http://photos.prnewswire.com/prnh/20111122/DA10871)
(Logo: http://photos.prnewswire.com/prnh/20010807/CMALOGO)
"Jim Herzog is a 27-year Comerica
veteran who brings considerable experience and expertise to his new
role," said Parkhill. "He is extremely well suited for this
position."
As Treasurer, Herzog will be responsible for managing Comerica's
liquidity and interest rate risks, insurable risks, capital
planning and special finance projects.
Herzog succeeds Michael H.
Michalak, who was named Interim Treasurer on July 20, 2011. Michalak will now serve as
executive vice president, Planning, Forecasting, Analysis and
Enterprise Risk, reporting to Parkhill.
Herzog joined Comerica in 1984 and has held numerous Finance
positions of increasing scope and responsibility, focusing on
forecasting and planning, pricing, economic capital and reviews of
strategic business lines. Most recently, he served as senior
vice president and divisional finance officer for the Business
Bank, a position he has held since 2007.
He holds bachelor's and master's degrees from Oakland University, and is a Certified Management
Accountant.
Herzog, who will report to Parkhill, will continue to be based
at Comerica's corporate headquarters in Dallas.
Comerica Incorporated is a financial services company
headquartered in Dallas, Texas,
and strategically aligned by three business segments: The Business
Bank, The Retail Bank, and Wealth Management. Comerica focuses on
relationships, and helping people and businesses be successful. In
addition to Texas, Comerica Bank
locations can be found in Arizona,
California, Florida and Michigan, with select businesses operating in
several other states, as well as in Canada and Mexico. Comerica reported total assets of
$60.9 billion at September 30, 2011. To receive e-mail alerts of
breaking Comerica news, go to
http://www.comerica.com/newsalerts.
SOURCE Comerica Incorporated