Daily News: November 27, 2012

Fifth Third CCO Resigns, Schroeck Named Interim Replacement


Kevin T. Kabat, vice chairman and CEO of Fifth Third Bancorp announced that Bruce Lee, executive vice president and chief credit officer, will resign his position at year-end for personal reasons.

Kabat shared that Greg Schroeck, senior vice president of structured finance, will assume interim responsibilities for the credit function as the company conducts an executive search for Lee’s replacement. Lee will remain at the company through the end of the year to assist with the transition.

Lee joined Fifth Third in 2001 through the bank’s acquisition of Capital Bank, headquartered in Toledo, OH, where he served as executive vice president and senior loan officer.

“Bruce has done a great job as chief credit officer and in managing the Special Assets Group during one of the most challenging credit environments in history,” said Kabat. “He has made many contributions to Fifth Third in those roles, and previously as head of the commercial line of business. While we are disappointed by his decision, we fully support Bruce’s desire to spend time with his family as he considers other personal and professional endeavors.”