Fifth Third Bank today announced an agreement with supplier management
software solutions provider ConnXus that makes it easier for the Bank to
connect with woman- and minority-owned businesses.
Stephanie Smith, vice president and director of Fifth Third’s supplier
diversity program, said ConnXus will be integral in helping the Bank
achieve its goals. “We strive to create a level playing field where
diverse suppliers can compete for Fifth Third’s business on a fair and
equal basis. We partner with organizations that provide diverse
suppliers with opportunities for their businesses to grow and leverage
diversity to provide the best solutions for our customers, shareholders,
employees and communities. We are thrilled that ConnXus was able to
provide the right solution as we work hard to be the best at supplier
diversity.”
Fifth Third spends hundreds of millions of dollars annually on goods and
services, ranging from facility-management services to information
technology and office supplies. Awarding more of these contracts to
diverse businesses has been a major focus of the Bank’s Strategic
Sourcing department.
Daryl Hammett, co-owner and chief operating officer of Mason, Ohio-based
ConnXus, said the joint effort will lead the way to create a new
standard for supplier diversity in the workplace. “This strategic
partnership will bring increased transparency and inclusion to Fifth
Third's cross-functional supply chain. This collaborative effort will
streamline spending reporting and set an example for responsible and
sustainable supplier management standards across the banking sector.”
Jule Kucera, Fifth Third’s senior vice president and chief diversity and
corporate social responsibility officer, said that the partnership with
ConnXus reflects the Bank’s commitment to working with diverse vendors.
“Just as we understand the value of an inclusive workforce that reflects
our diverse customers and communities, we understand this value extends
to our supply chain,” she said. “We do not treat supplier diversity as
something that’s just ‘nice to do.’ Supplier diversity is a means for
keeping the customer at the center of all we do, and it serves as an
engine for innovation and growth.”
For more information about Fifth Third’s supplier diversity program,
please visit 53.com/supplierdiversity.
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.
About ConnXus
ConnXus supplier management software solutions simplify the complexities
of global supply chains and allow buyers to achieve their goals of
responsible and sustainable sourcing. ConnXus is a NMSDC, CAMSC, CPUC
and State of Ohio-certified minority-owned business enterprise based in
Mason, Ohio, with local, regional and international capabilities. For
additional information about ConnXus and their growing suite of supplier
management solutions, visit the company’s website at www.connxus.com,
and to register your company on the ConnXus platform, visit https://mysuppliernetwork.com/user/signup.
Fifth Third Bank
Danielle Jones, 513-534-0162
513-534-NEWS
or
Fifth Third Bancorp
Investor Relations
Sameer Gokhale, 513-534-2219