Fifth Third Bancorp (Nasdaq: FITB) announced today that Jude Schramm,
executive vice president and chief information officer, will lead the
information technology organization effective April 2, 2018. He will
report to Chairman, President and CEO Greg D. Carmichael. Aravind
Immaneni, who oversees information technology, is leaving the Bancorp
for personal reasons.
“We would like to thank Aravind for his leadership and contributions,
and wish him well in his future endeavors,” Carmichael said.
Schramm recently joined Fifth Third from GE Aviation, where he served as
chief information officer and was responsible for leading the digital
strategy and supporting digital products and internal web services. He
joined GE Aviation in 2001 and held a number of roles, including IT
leader for the Commercial Engines division and certified lean leader for
GE Infrastructure, where he was responsible for cross-business synergy
programs between GE Aviation and GE Energy.
“Jude Schramm has established a career track record both of innovation
and transformation,” Carmichael said. “His experience and passion will
further propel Fifth Third’s ability to meet and exceed customers’
expectations in an evolving world. We are excited to welcome Jude to our
leadership team.”
Schramm began his career with Ernst & Young and is a graduate of the
University of Cincinnati with a bachelor’s degree in Information Systems
and Business Management. He is a certified Six Sigma Master Black Belt.
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.”
Copyright © 2018.
Fifth Third Bancorp
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Sean Parker, 513-534-NEWS
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Sameer Gokhale, 513-534-2219