Tanner to Step Away from Chief Administrative Officer Role at Fifth Third Bancorp
May 20 2019 - 7:00AM
Business Wire
Fifth Third Bancorp (Nasdaq: FITB) today announced that Teresa
Tanner, executive vice president and chief administrative officer,
has decided to step away from full-time work at the bank after 15
years.
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Teresa Tanner to Step Away from Chief
Administrative Officer Role at Fifth Third Bancorp (Photo: Business
Wire)
“I step away from day-to-day involvement with the Company with a
blend of excitement for what is to come and nostalgia for what I am
choosing to leave,” said Tanner. “Fifth Third has been the greatest
joy of my professional life. I have grown here as a leader and as a
person. The opportunity to help deliver on our promises to serve
our communities, customers, employees and shareholders has humbled
and amazed me. At the same time, though, I also know a different
world awaits if I have the courage to embrace it. I care deeply
about building communities, empowering women, and finding new ways
to solve old problems. This career decision will allow me the
opportunity to amplify and accelerate my work on those important
topics.”
Tanner will continue to serve on a number of Cincinnati-based
nonprofit boards. Her responsibilities as Fifth Third’s chief
administrative officer will be consolidated among several senior
leaders.
“Fifth Third has been fortunate to have such a talented leader
with so much passion for the organization and for doing what is
right to serve our stakeholders,” said Greg Carmichael, Fifth Third
chairman, president and chief executive officer. “Her counsel,
courage and commitment have inspired me and countless others at
Fifth Third Bank. We simply would not be the organization we are
today without Teresa’s leadership over the past 15 years. We wish
Teresa the best as she pursues the next chapter in her life.”
Corporate Profile
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio and the indirect parent company
of Fifth Third Bank, an Ohio-chartered bank. As of March 31, 2019,
Fifth Third had $168 billion in assets and operated 1,207
full-service banking centers and 2,559 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 approximately
52,000 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 March 31, 2019,
had $394 billion in assets under care, of which it managed $44
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. Deposit and Credit products are offered by
Fifth Third Bank. Member FDIC.
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Chris Doll (Investors)513-534-2345
Gary Rhodes (Media)513-534-4225
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