Fifth Third Bancorp (NASDAQ:FITB) today announced a planned leadership transition within its Credit organization following the upcoming retirement of Greg Schroeck, chief credit officer, after nearly 40 years of distinguished service. Kristof Schneider, currently deputy chief credit officer, will succeed Schroeck. Schneider will join Fifth Third's Enterprise management team, the Bank's senior-most governing body, and report to Bob Shaffer, chief risk officer. Schroeck will stay on in an advisory capacity through the second quarter of this year to ensure a smooth transition.
Schroeck served more than 35 years with Fifth Third before retiring in 2021 and returning in 2023 to lead the Credit organization. Throughout his tenure, he played a pivotal role in strengthening the Bank's credit discipline, culture and long-term strategy.
"We are deeply grateful for Greg's many contributions during both of his tours with Fifth Third," said Tim Spence, chairman, CEO and president of Fifth Third. "His steady judgment, commitment to our clients and bankers, and thoughtful succession planning have ensured the continued strength of our Credit organization and set us up for a smooth transition. He made his mark here."
Schneider brings more than two decades of experience with Fifth Third, having served as credit risk executive for the Commercial Bank, leader of the Special Assets Group and credit risk manager for the regions. He has also overseen credit risk management for Middle Market banking and has served as portfolio manager, relationship manager, bank manager and workout officer.
"Kristof is well-prepared for this role," Spence added. "He brings broad experience across the Bank, strong credit acumen and deep institutional knowledge. He has worked closely with Greg to prepare for this transition, and his leadership will ensure continuity while supporting our long‑term performance."
About Fifth Third
Fifth Third is a bank that's as long on innovation as it is on history. Since 1858, we've been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it's one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere's World's Most Ethical Companies® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation's highest performing regional bank, but to be the bank people most value and trust.
Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank and its common stock is traded on the NASDAQ® Global Select Market under the symbol "FITB." Investor information and press releases can be viewed at www.53.com. Deposit and credit products provided by Fifth Third Bank, National Association. Member FDIC.
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Jordan DuShane (Media Relations)
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Matt Curoe (Investor Relations)
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