Comerica in Dallas said Tuesday that the head of its business bank is stepping down.
J. Patrick Faubion, 62,
Comerica President Curtis Farmer will assume direct oversight of the business bank, which
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The $69 billion-asset company in Dallas said in a press release Tuesday that Karen Parkhill resigned on Friday to "pursue other opportunities." Parkhill, who had also been the company's vice chairman, had been with Comerica since 2011.
May 3 -
It didn't take long for Karen Parkhill to re-emerge after her sudden departure from Comerica in Dallas. Parkhill was named chief financial officer at Medtronic, a medical technology company based in Dublin, Ireland.
May 4 -
Comerica may sell itself one day, but it won't be a very attractive takeover target or fetch top dollar until energy prices rebound and interest rates rise, company officials said at the annual meeting Tuesday.
April 26 -
After another disappointing quarter, Comerica is promising big changes in its ongoing quest to improve returns to shareholders. It appears to be considering all options, including selling off business lines and perhaps even merging with another institution.
April 19
In a press release, Ralph Babb, chairman and chief executive, praised Faubion's three-decade tenure at Comerica. Faubion was the company's first chief credit officer in Texas.
Faubion is the second member of the leadership team to announce a departure in about a month. Karen Parkhill resigned as chief financial officer in May, to take a job at the medical device company Medtronic.
Comerica has recently faced pressure from activist investors to boost performance — or put
The $69 billion-asset