Strategic Insights into Banking & Fintech

Fifth Third executive chairman to retire

Fifth Third Bancorp in Cincinnati will shrink the size of its board after the retirement of its executive chairman.

The $207 billion-asset company disclosed in a regulatory filing that Greg Carmichael will retire at its April 18 annual meeting. Carmichael, a former Fifth Third CEO, had been chairman since February 2018.

The board voted to decrease its size such that no vacancies will result from Carmichael’s retirement.

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