Teresa Tanner Promoted; Becomes Fifth Third's Chief Administrative Officer
Cincinnati– Fifth Third Bancorp (Nasdaq: FITB) announced today that Executive Vice President Teresa Tanner, chief human resources officer, has been named chief administrative officer, effective immediately. Tanner's responsibilities will expand beyond Human Capital to also include Facilities, Strategic Sourcing and the Enterprise Program Management Office.
Tanner has led all functions within Fifth Third's Human Capital division since 2010, directing a team of more than 300 Human Capital professionals in the disciplines of Organizational Development, HR Operations, Business Partners, Diversity, Employee Relations, Total Rewards (Compensation and Benefits), Enterprise Learning and Recruiting. She joined Fifth Third in 2004 and served in various Human Capital positions prior to her promotion to chief human resources officer.
"I am pleased to announce Teresa's expansion of responsibilities," said President Greg D. Carmichael, who is slated to become CEO on Nov. 1. "She has demonstrated her ability to lead positive change on numerous key initiatives and I am confident that she will provide outstanding direction to her expanded team."
Tanner began her career with McDonald's Corporation and has a vast background in education, human resources and operations management. She attended Pensacola Christian College and received her MBA from Xavier University.
Tanner has a long history of community involvement and impact. Her current commitments include serving as vice-chair of the Ronald McDonald House Charities and vice-chair of the ArtsWave Board of Trustees. She also serves on the Board of the FreeStore Foodbank and is active with the Women's Leadership Council of the United Way.
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $142 billion in assets and operates 1,299 full-service Banking Centers, including 101 Bank Mart® locations, most open seven days a week, inside select grocery stores and 2,630 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third also has a 22.8 percent interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of June 30, 2015, had $304 billion in assets under care, of which it managed $27 billion for individuals, corporations and not-for-profit organizations. 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. Member FDIC, Equal Housing Lender.