Fifth Third Bancorp (Nasdaq: FITB) announced today that Robert Shaffer
has been named its chief human resources officer. Shaffer previously
served as chief auditor, a post he had held since August 2007. He also
had been promoted to executive vice president in February 2010. Shaffer
will report to Chief Administrative Officer Teresa Tanner.
Shaffer joined Fifth Third in 2002 as group audit manager. He was
promoted to director of financial audit in 2003 before becoming chief
auditor.
"Bob Shaffer will be a terrific head of human resources,” said President
and Chief Executive Officer Greg Carmichael. “In addition to his broad
base of knowledge regarding every unit and function within the Bank, Bob
has demonstrated exemplary leadership with respect to talent selection
and development as well as employee engagement. This demonstrates the
depth of talent and bench strength within Fifth Third.”
Tanner added, “For many years, Bob has been among our most admired
leaders. The Audit team has exported great talent throughout our
organization in functions like Information Technology, Business
Controls, Enterprise Risk Management and more. Bob’s commitment to
employee development is reflected in the thoughtful approach he has
taken with career coaching, mentorship and individual development plans.
He leads by example every day.”
Prior to joining Fifth Third Bank, Shaffer served as a partner in Arthur
Andersen’s Business Advisory Practice in Chicago, where he specialized
in the audit of public companies in the financial services industry. He
began his career with KPMG’s Assurance Service Practice in Pittsburgh in
1991.
Shaffer has extensive civic involvement, having previously served as the
2011 chair of Fifth Third’s United Way corporate campaign. He currently
serves on the United Way of Greater Cincinnati’s Impact Cabinet, and
received that organization’s Community Service Award for Developing
Resources in 2012.
“I am thrilled to move into this role at Fifth Third,” Shaffer said. “I
have always considered people management and talent management
priorities. Effective human resources management is a personal passion.
I look forward to helping the entire organization maximize the value
that is gained by building strong and highly engaged teams.”
An interim head of Audit has been named while a search is underway for
Shaffer’s replacement as chief auditor.
About Fifth Third Bancorp
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. As of December 31, 2016, the Company
had $142 billion in assets and operates 1,191 full-service Banking
Centers, and 2,495 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois,
Florida, Tennessee, West Virginia, Georgia and North Carolina. Fifth
Third operates four main businesses: Commercial Banking, Branch Banking,
Consumer Lending and Wealth & Asset Management. Fifth Third also has a
17.9% interest in Vantiv Holding, LLC. Fifth Third is among the largest
money managers in the Midwest and, as of December 31, 2016, had $315
billion in assets under care, of which it managed $31 billion for
individuals, corporations and not-for-profit organizations through its
Trust and Brokerage 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 Bancorp
Larry Magnesen – Corporate Communications, 513-534-8055
Larry.Magnesen@53.com
or
Sameer Gokhale – Investor Relations, 513- 534-2219
Sameer.Gokhale@53.com