• Debra DeCourcy, APR 513.534.4153
Fifth Third Bank

News Release


Fifth Third Bancorp Hires GE Executive to Head Human Resources


Kevin T. Kabat, president and CEO of Fifth Third Bancorp today announced the Bancorp has hired Nancy R. Phillips as Executive Vice President and Chief Human Resources Officer. In addition, Phillips will become a member of the Bancorp’s executive leadership team reporting directly to Mr. Kabat.

“Nancy has more than 12 years of experience as a human resources leader for a Fortune 10 company,” said Kabat. “She has extensive experience in HR management, strategy, talent management, and organizational integration and development and we are excited that she has chosen to join Fifth Third Bancorp.”

Phillips comes to Fifth Third from General Electric’s Oil and Gas business, most recently leading human resources for VetcoGray, a company acquired by GE and headquartered in Houston, Texas. In that capacity she led the HR organization and HR integration in over 60 countries. In this role, Phillips supervised a team of more than 100 HR professionals.

Prior to VetcoGray, Phillips served as senior HR leader for GE Security Homeland Protection, headquartered in Northern California. She previously led human resources efforts at GE’s corporate headquarters reporting to GE’s senior vice president for Human Resources. She joined GE as a labor negotiator and was recruited into HR at GE Appliances in 1997. Prior to joining GE, she was a lawyer in private practice.

“I am thrilled to be joining an organization that is so passionate about developing and growing its employees. Kevin and the Fifth Third executive leadership team are focused on continuing to improve organizational effectiveness, and I’m excited about helping to lead that effort,” said Phillips.

Phillips has a Juris Doctorate from Samford University in Birmingham, Alabama and a bachelor’s degree in English from the University of Delaware. She will begin work at Fifth Third on Tuesday, April 8.

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $111 billion in assets, operates 18 affiliates with 1,233 full-service Banking Centers, including 108 Bank Mart(R) locations open seven days a week inside select grocery stores and 2,214 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri and Georgia. 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, 2007, has $223 billion in assets under care, of which it managed $33 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 on the NASDAQ® National Global Select Market under the symbol “FITB.”