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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Comerica Inc | NYSE:CMA | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 1.20 | 2.31% | 53.07 | 54.00 | 52.84 | 53.27 | 1,914,592 | 01:00:00 |
From May 2019 to May 2024
By Maria Armental
Regional lender Fifth Third Bancorp (FITB) hired Comerica Inc.'s Lars C. Anderson as its new chief operating officer after current COO was promoted to chief executive.
Mr. Anderson, who has more than 30 years of experience in the banking industry, most recently was vice chairman for Dallas-based Comerica. He is slated to begin work on Aug. 3, succeeding Greg D. Carmichael, who is to take the CEO post on Nov. 1.
Current CEO Kevin T. Kabat, who has held the position since 2007, is retiring in April. He will remain on as executive vice chairman.
Mr. Anderson's base salary has been set at $675,001.60 a year and he will receive a $3 million signing bonus, according to a regulatory filing.
Last month, the Cincinnati-based regional lender said it planned to consolidate or sell about 100 of its branches and about 30 other properties in a move to save about $60 million a year.
Banks have been closing branches to cut costs and boost profit.
Write to Maria Armental at maria.armental@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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