DALLAS, Sept. 26, 2017 /PRNewswire/ -- Barbara R.
Smith has been appointed to the Comerica Incorporated Board of
Directors, effective Nov. 7, 2017.
Smith is the president and chief executive officer (CEO) of
Irving, Texas-based Commercial
Metals Company (NYSE: CMC), a manufacturer, recycler and marketer
of steel and metal products. Smith will serve as a member of the
board's Governance, Compensation and Nominating Committee. The
announcement was made by Ralph W. Babb
Jr., Comerica's chairman and CEO.
"We welcome Barbara to the Comerica team," said Babb. "She
brings to our board a number of key skills, including relevant
business management experience, expertise in geographic markets in
which Comerica has a presence, particularly our headquarters
market, and significant financial expertise garnered through the
chief financial officer and treasury roles she held during her
professional career."
Smith, 58, joined Commercial Metals Company as senior vice
president and chief financial officer in 2011 and served in that
capacity until she was promoted to chief operating officer in 2016
and president and chief operating officer in January 2017. In September
2017, she was promoted to president and CEO. Prior to
joining Commercial Metals Company, she served a year as treasurer
and four years as chief financial officer for Gerdau AmeriSteel.
She also served as chief financial officer for Faro Technologies,
Inc. and had a 24-year career with Alcoa, Inc., where she held various leadership
positions across the company.
Smith received a Bachelor of Science in Accounting degree from
Purdue University in West Lafayette,
Indiana, in 1981. She also earned certification as a CPA
from the State of Tennessee.
"With Barbara's appointment to the board, we are bringing a
fresh perspective, as well as the right mix of skills and
expertise, in order to enhance Comerica's competitive position in
the marketplace and deliver long-term value to our shareholders,"
said Babb.
Comerica Incorporated (NYSE: CMA) 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
$71.4 billion at June 30, 2017.
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SOURCE Comerica Incorporated