Fifth Third Bancorp names CEO Spence as board chair, appoints new CFO
Dec 19 (Reuters) - Fifth Third Bancorp said on Tuesday CEO and President Tim Spence will also assume the role of chairman of the lender's board from Jan. 2.
In other top level changes, Bryan Preston, currently treasurer, will replace Jamie Leonard as chief financial officer. Leonard will become the chief operating officer (COO), the bank said.
Spence succeeds Nick Akins, who has been elected lead independent director.
The bank's shares were up marginally in premarket trading. The stock has gained nearly 7% this year, through previous close.
In October, Fifth Third said it expects net interest income (NII) to decline again in the current quarter after posting a 1.3% fall in third-quarter profit. (Reporting by Manya Saini in Bengaluru; Editing by Sriraj Kalluvila)
