Marsha C. Williams Named Lead Director
Fifth Third Bancorp announced today that its Board of Directors has
elected Greg D. Carmichael, chairman of the board, effective
immediately. Carmichael replaces Marsha C. Williams, who has been
elected lead director.
Carmichael will retain his title of chief executive officer. He became
CEO on Nov. 1, 2015, and was named president in 2012 while serving as
the Bank’s chief operating officer. Under Carmichael’s leadership, the
Bank has taken a number of significant steps to enhance the
profitability and resiliency of the Bank while leveraging technology to
deploy innovative customer-focused solutions. The Bank recently received
an outstanding rating under the Community Reinvestment Act acknowledging
the Bank’s commitment to the communities it serves. Carmichael joined
Fifth Third in 2003 as Chief Information Technology Officer.
“This promotion recognizes Greg’s contributions and the Board’s
confidence in his ability to guide our organization,” Williams said.
“We’re excited to recognize the tremendous job that Greg has done. He
has a dynamic vision for the future of our company and our industry.”
Williams held the lead director role for two years before being elected
chair in April 2016. As lead director she will be responsible for
coordinating the activities of the independent directors and advising
Carmichael, among other duties. Williams has been a Fifth Third board
member since 2008 and is retired chief financial officer for Orbitz
Worldwide Inc.
About Fifth Third
Fifth Third
Bancorp is a diversified financial services company headquartered in
Cincinnati, Ohio. As of Dec. 31, 2017, the Company had $142 billion in
assets and operated 1,154 full-service Banking Centers and 2,469 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 more than
54,000 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 Dec. 31, 2017, had $362 billion in
assets under care, of which it managed $37 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.
Member FDIC.
Fifth Third Bancorp
Sean Parker, 513-534-NEWS