8-KLeadership ChangesOther EventsExhibits & Filings

FIFTH THIRD BANCORP 8-K Report, Executive Changes (Dec 19, 2023)

Filed December 19, 2023For Securities:FITBFITBOFITBPFITB-PIFITB-PMFITB-PAFITBIFITB-PK

Summary

Fifth Third Bancorp (FITB) announced significant leadership changes effective January 2, 2024, through an 8-K filing on December 19, 2023. Jamie C. Leonard has been appointed Executive Vice President and Chief Operating Officer, transitioning from his previous role as Chief Financial Officer. Bryan D. Preston, formerly Treasurer, will now serve as Executive Vice President and Chief Financial Officer. These appointments reflect an internal promotion strategy and ensure continuity in key financial and operational leadership roles. Additionally, Timothy N. Spence, already President and CEO, has taken on the additional role of Chairman of the Board for both the Bancorp and its bank subsidiary, succeeding Nicholas K. Akins. Mr. Akins will transition to the role of Lead Independent Director. These executive and board realignments are designed to strengthen governance and executive oversight as the company moves forward.

Key Highlights

  • 1Jamie C. Leonard appointed Executive Vice President and Chief Operating Officer, moving from CFO.
  • 2Bryan D. Preston appointed Executive Vice President and Chief Financial Officer, promoted from Treasurer.
  • 3Timothy N. Spence assumes the additional role of Chairman of the Board for the Company and the Bank.
  • 4Nicholas K. Akins transitions from Board Chair to Lead Independent Director.
  • 5All appointments are effective January 2, 2024.
  • 6No disclosable arrangements, understandings, family relationships, or transactions requiring Item 404(a) disclosure for the appointed officers.
  • 7The company has attached a press release announcing these changes as an exhibit.

Frequently Asked Questions

Fifth Third Bancorp announced that Jamie C. Leonard will become Chief Operating Officer, Bryan D. Preston will become Chief Financial Officer, and Timothy N. Spence will become Chairman of the Board, with all changes effective January 2, 2024.

Bryan D. Preston, who previously served as the Company's Treasurer, has been appointed as the new Executive Vice President and Chief Financial Officer.

Timothy N. Spence, who is already President and CEO, will take on the additional responsibilities of Chairman of the Board for both Fifth Third Bancorp and Fifth Third Bank, National Association.

Nicholas K. Akins will transition from his role as Board Chair to serve as the Lead Independent Director for the Company and the Bank.