- Stephanie Honan 513.534.6957
Fifth Third Bancorp Establishes Organizational Development and Planning Division; Names Lauris Woolford Executive Vice President
Fifth Third Bancorp is pleased to report the establishment of its Organizational Development and Planning division. The new division will be led by recently promoted Executive Vice President Lauris Woolford, and will focus on three key areas, Talent Management and Workforce Planning; Executive, Leadership, and Management Development; and Coaching and Development. Woolford will report directly to Fifth Third Bancorp President & CEO Kevin T. Kabat.
“Our success is contingent on our continued ability to develop great leaders,” said Kabat. “While leadership development and talent management have always been part of our Human Resource function, we feel elevating this division will give it the important focus it deserves and requires.”
Kabat adds that the division underscores Fifth Third’s commitment to employee development.
Woolford joined Fifth Third in 1998, and has held various positions including director of Education and Career Development, leader of Talent Management and most recently, Executive Coach. Prior to joining the Bank, she spent 12 years in similar roles with Federated Department Stores and six years with Mercantile Stores, where she led and expanded Mercantile Stores University, the company’s corporate learning university. Woolford holds a bachelor’s degree from Edgecliff College/Xavier University. She resides in Hyde Park and has two daughters.
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 1,166 full-service Banking Centers, including 108 Bank Mart(R) locations open seven days a week inside select grocery stores and 2,127 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 March 31, 2007, has $225 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 NASDAQ® National Global Select Market System under the symbol "FITB."