Daily News: August 18, 2014

Comerica Chief Credit Officer to Retire

Comerica announced that John M. Killian, chief credit officer, will retire in May 2015 following a 40-year career with the bank. Peter W. Guilfoile, EVP and national credit administration manager, will serve as the new chief credit officer effective February 1, 2015, and will become a member of Comerica’s Management Policy Committee at that time. He will report to Ralph W. Babb Jr., Comerica chairman and CEO.

Killian’s banking career started with Comerica in 1974. He has held a variety of positions of increasing scope and responsibility in both lending and credit management in multiple lines of business before assuming the chief credit officer role in 2010. Previously, he served for nearly eight years as EVP, Corporate Credit Policy in which he had responsibility for the Special Assets groups on a nationwide basis.

Killian has been an invaluable member of our management team and helped guide our bank through the economic challenges of the past several years, said Babb. He will work with Pete over these next several months to ensure a smooth transition. Pete’s significant experience and expertise in credit management should continue to serve Comerica well going forward.

Guilfoile joined Comerica in 1983 and since then has held a number of positions with the bank, including service as alternate credit administration officer and group manager for Middle Market Banking, as divisional credit administration officer for National Business Finance, and as chief credit officer for the California market. He was named national credit administration manager in 2013.