Fifth Third Announces Leadership Changes
December 19 2023 - 8:00AM
Business Wire
Fifth Third Bancorp (Nasdaq: FITB) today announced the following
executive leadership changes that will take effect January 2,
2024.
The Board of Directors voted to appoint Tim Spence chairman of
the board. Spence succeeds Nick Akins, who has been elected lead
independent director. Spence’s responsibilities will include
chairman, chief executive officer and president, Fifth Third
Bancorp.
“The appointment recognizes Tim’s leadership and the Board’s
confidence in his ability to guide our organization,” Akins said.
“He has a thoughtful vision for the future of our company.”
Jamie Leonard, currently chief financial officer, will become
chief operating officer (COO) with oversight of the Bank’s largest
customer-facing employee groups. His responsibilities in this new
role include overseeing retail banking, consumer lending,
operations, business controls, strategy and marketing. Leonard’s
breadth of experience during his nearly 25 years at Fifth Third
include serving as chief financial officer, chief risk officer and
in various finance leadership roles.
Bryan Preston, currently Fifth Third’s treasurer, will replace
Leonard as chief financial officer. Preston has extensive
experience in finance leadership in treasury, accounting and
financial planning throughout his nearly two decades at Fifth
Third.
Brennen Willingham, currently managing director of capital,
liquidity and corporate development, will succeed Preston as
treasurer. Since joining Fifth Third in 2007, Willingham has held
various positions within the Treasury group, including leading the
Bancorp’s capital and liquidity management functions and corporate
development.
“These changes are designed to best position Fifth Third for the
future,” said Spence. “I’m thrilled to elevate Jamie to the newly
created position of chief operating officer. His leadership,
combined with a streamlined reporting structure, gives us the
opportunity to continue delivering on our priorities of stability,
profitability and growth. I’m also excited to elevate Bryan and
Brennen. Their appointments demonstrate the deep bench of talent
across our organization.”
About Fifth Third
Fifth Third is a bank that’s as long on innovation as it is on
history. Since 1858, we’ve been helping individuals, families,
businesses and communities grow through smart financial services
that improve lives. Our list of firsts is extensive, and it’s one
that continues to expand as we explore the intersection of
tech-driven innovation, dedicated people and focused community
impact. Fifth Third is one of the few U.S.-based banks to have been
named among Ethisphere’s World’s Most Ethical Companies® for
several years. With a commitment to taking care of our customers,
employees, communities and shareholders, our goal is not only to be
the nation’s highest performing regional bank, but to be the bank
people most value and trust.
Fifth Third Bank, National Association is a federally chartered
institution. Fifth Third Bancorp is the indirect parent company of
Fifth Third Bank, and its common stock is traded on the NASDAQ®
Global Select Market under the symbol "FITB." Investor information
and press releases can be viewed at www.53.com. Deposit and credit
products provided by Fifth Third Bank, National Association. Member
FDIC.
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version on businesswire.com: https://www.businesswire.com/news/home/20231219497202/en/
Jennifer Hendricks Sullivan (Media Relations)
Jennifer.Hendricks.Sullivan@53.com | 614-744-7693
Matt Curoe (Investor Relations) Matt.Curoe@53.com |
513-534-2345
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