Bank / Credit Union

Fifth Third appoints CEO

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April 18, 2022

Fifth Third Bancorp recently announced that Tim Spence will serve as CEO effective July 5. He will take over for Greg Carmichael, who will serve as executive chairman, according to a press release.

Spence was previously head of consumer bank, payments and strategy and prior to joining Fifth Third, he was a senior partner at Oliver Wyman.

"I am honored to serve as Fifth Third's next CEO and humbled to follow in the footsteps of an incredible leader like Greg," Spence said in the release. "Fifth Third is a great company because of our people, because we serve strong communities, and because we believe to the core that our customers' needs, their opportunities and their well-being are our chief concern. We will continue our track record of delivering on our commitments, our focus on investing for the future and our culture of accountability, collaboration and community leadership."