CINCINNATI – Fifth Third Bancorp (Nasdaq: FITB) announced today that Jude Schramm, executive vice president and chief information officer, will lead the information technology organization effective April 2, 2018. He will report to Chairman, President and CEO Greg D. Carmichael. Aravind Immaneni, who oversees information technology, is leaving the Bancorp for personal reasons.
“We would like to thank Aravind for his leadership and contributions, and wish him well in his future endeavors,” Carmichael said.
Schramm recently joined Fifth Third from GE Aviation, where he served as chief information officer and was responsible for leading the digital strategy and supporting digital products and internal web services. He joined GE Aviation in 2001 and held a number of roles, including IT leader for the Commercial Engines division and certified lean leader for GE Infrastructure, where he was responsible for cross-business synergy programs between GE Aviation and GE Energy.
“Jude Schramm has established a career track record both of innovation and transformation,” Carmichael said. “His experience and passion will further propel Fifth Third’s ability to meet and exceed customers’ expectations in an evolving world. We are excited to welcome Jude to our leadership team.”
Schramm began his career with Ernst & Young and is a graduate of the University of Cincinnati with a bachelor’s degree in Information Systems and Business Management. He is a certified Six Sigma Master Black Belt.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As of Dec. 31, 2017, the Company had $142 billion in assets and operated 1,154 full-service Banking Centers and 2,469 ATMs with Fifth Third branding in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and North Carolina. In total, Fifth Third provides its customers with access to more than 54,000 fee-free ATMs across the United States. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending and Wealth & Asset Management. Fifth Third is among the largest money managers in the Midwest and, as of Dec. 31, 2017, had $362 billion in assets under care, of which it managed $37 billion for individuals, corporations and not-for-profit organizations through its Trust and Registered Investment Advisory businesses. Investor information and press releases can be viewed at www.53.com. Fifth Third’s common stock is traded on the Nasdaq® Global Select Market under the symbol “FITB.”