Fifth Third Appoints Linda W. Clement-Holmes to Board of Directors
July 20 2020 - 7:01AM
Business Wire
Retired CIO from P&G Adds Strength in
Technology, Inclusion
Fifth Third Bancorp (Nasdaq: FITB) today announced the
appointment of Linda W. Clement-Holmes as an independent director
of Fifth Third Bancorp, effective immediately.
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Fifth Third Appoints Linda W.
Clement-Holmes to Board of Directors (Photo: Business Wire)
“We are delighted to welcome Linda Clement-Holmes to our Board,”
said Greg D. Carmichael, chairman, president and chief executive
officer of Fifth Third Bancorp. “As the former chief information
officer for The Procter & Gamble Company, one of the world’s
leading and most innovative consumer products companies, Linda is
uniquely positioned to help us advance in the rapidly evolving
technological landscape and embrace the opportunities for
consumer-oriented financial services. We also welcome her
leadership in diversity and inclusion, which will enhance Board
oversight of this important area.”
Clement-Holmes retired from Procter & Gamble in 2018 after a
35-year career that culminated in the role of chief information
officer. She is widely recognized as a leader in information
technology, information security and digital and IT strategy, and
has been listed in Computerworld’s Premier 100 IT Leaders, Uptown
Professional’s Top 100 Executives, and Black Enterprise magazine’s
Top Executives. She is a fellow at the IT Senior Management Forum
and a recipient of numerous awards, including the Howard University
Global Visionary Leadership Award.
Clement-Holmes also has been a pioneer in diversity and
inclusion. She served as Procter & Gamble’s first chief
diversity officer from 2010-2012 and advanced to become the first
African-American woman named to Procter & Gamble’s Global
Leadership Council.
Clement-Holmes serves on the board of Cincinnati Financial
Corporation, where she is a member of the Audit, Compensation and
Nominating committees. She also serves on the board of CincyTech,
LLC, a seed fund that provides advice and capital to digital and
life science companies.
“I am very pleased to join the Fifth Third Board,” said
Clement-Holmes. “Fifth Third is recognized as a digital innovator
and is on record in its commitment to be part of the solution on
racial equity,” said Clement-Holmes. “I’m excited about the
opportunity to help lead the Bank boldly into its next
chapter.”
Clement-Holmes will serve on the Technology Committee.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio, and the indirect parent company
of Fifth Third Bank, National Association, a federally chartered
institution. As of March 31, 2020, Fifth Third had $185 billion in
assets and operated 1,123 full-service banking centers and 2,464
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 approximately 53,000 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 March 31, 2020, had $374 billion in assets under
care, of which it managed $42 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. Deposit and Credit
products are offered by Fifth Third Bank, National Association.
Member FDIC.
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Ed Loyd (Media Relations) Edgar.Loyd@53.com | 513-534-NEWS Chris
Doll (Investor Relations) Christopher.Doll@53.com |
513-534-2345
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