James Hackett, chairman of the board of directors at Fifth Third Bancorp, is stepping down.
Hackett will retire April 19 at the Cincinnati company's annual shareholders meeting, it said in a March 6 regulatory filing.
Hackett has chaired the board of the $142 billion-asset company since April 2014. He had been a member of the board since 2001.
- Ohio
Kevin Kabat told the board of Fifth Third Bancorp that he intends to step down as CEO in November. Kabat, who had led the Cincinnati company since 2007, will remain executive vice chairman through next April.
July 8 -
Fifth Third Bancorp in Cincinnati said Thursday that it will spend $27.5 billion over the next five years to provide loans and other financial services to underserved communities in its region.
February 11 -
Fifth Third Bancorp in Cincinnati on Thursday reported a big spike in profits, after selling shares in the payment processor Vantiv.
January 21
Hackett, the former president and chief executive of Steelcase, a furniture maker in Grand Rapids, Mich., is retiring "to pursue other full-time employment opportunities," the filing said.
Larry Magnesen, a spokesman for Fifth Third, told American Banker, "At some point in time in the future they may name someone new to the board, but for the time being they are going to decrease the size of the board."
