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Mary Tuuk Named Chief Risk Officer
Kevin T. Kabat, president and CEO of Fifth Third Bancorp, today announced that Mary Tuuk has been promoted to chief risk officer effective June 13.
Tuuk currently serves as senior vice president and senior director of security and risk services for the Bancorp. Prior to assuming that position in February 2007, she was the Bancorp’s chief operational risk and compliance officer. Previously, Tuuk served as manager of the Risk Policy group, overseeing the Bancorp’s risk policies related to credit, market and operational risk.
As chief risk officer, Tuuk will be responsible for the Bank’s credit, market and operational risk management. She succeeds Malcolm Griggs, who has chosen to return to North Carolina to be closer to family. With this appointment, Tuuk also will become a member of Fifth Third’s Enterprise Committee – the leadership committee of the Bank.
“Mary has gained considerable experience in the operational risk area, having worked in that department for several years,” said Kabat. “This experience will be extremely valuable as she undertakes her new position.” Kabat added that Griggs was responsible for developing and growing the Bank’s risk area. “Malcolm put a great deal of hard work into the growth of our risk operation, and we are grateful to him for his efforts. We wish him well as he transitions back to North Carolina.”
Prior to coming to Cincinnati in 2003, Tuuk served in a variety of positions for Fifth Third Bank (Western Michigan). Previously, she served as senior vice president for Old Kent Financial Corporation until Fifth Third Bank purchased Old Kent in 2001.
Tuuk has a Bachelor of Arts degree from Calvin College in Grand Rapids, and an MBA and JD from Indiana University. She is a member of the board of directors of Fifth Third Bank (Western Michigan) and a member of the advisory board of Fifth Third Bancorp’s Women’s Network. She is on the board of trustees of the Cincinnati Opera and a professional soprano with the Cincinnati Vocal Arts Ensemble. Tuuk is a member of the state of Michigan Bar Association and the Illinois State Bar Association.
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $99.8 billion in assets, operates 18 affiliates with 1,168 full-service Banking Centers, including 108 Bank Mart locations open seven days a week inside select grocery stores and 2,123 Jeanie ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania and Missouri. Fifth Third operates five main businesses: Commercial Banking, Branch Banking, Consumer Lending, Investment Advisors and Fifth Third Processing Solutions. Fifth Third is among the largest money managers in the Midwest and, as of December 31, 2006, has $220 billion in assets under care, of which it managed $34 billion for individuals, corporations and not-for-profit organizations. Investor information and press releases can be viewed at www.53.com. Fifth Third's common stock is traded through the NASDAQÒ National Global Select Market System under the symbol "FITB."