Fifth Third Bancorp (Nasdaq: FITB) announced the appointment of Laurent Desmangles as independent director of Fifth Third Bancorp, effective immediately.
“We’re fortunate to have Laurent Desmangles joining our Board of Directors,” said Fifth Third Bancorp President and CEO Tim Spence. “Laurent brings global perspective and experience serving organizations as they chart growth strategy and execute large scale transformation.”
Desmangles is a retired senior partner and managing director at Boston Consulting. He brings broad knowledge of the financial services industry, regional banking and the fintech sector to Fifth Third. He will provide additional expertise in corporate strategy, digital and analytics innovation and change management.
“I’m thrilled to join the Fifth Third Board,” said Desmangles. “Fifth Third is known for its history of innovation and digital transformation. I’m eager to guide the Bank as it continues to deliver inventive options to its customers and their communities,” Desmangles will serve on the Technology, Nominating and Corporate Governance and Risk and Compliance committees.
