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Comerica Hires Parkhill From JP Morgan To Be Next CFO

DOW JONES NEWSWIRES Comerica Inc. (CMA) said it hired J.P. Mogran Chase & Co. (JPM) executive Karen L. Parkhill to replace Elizabeth S. Acton as chief financial officer of the Dallas-based bank later this year. Parkhill, 45, also will be vice chairman of Comerica. She most recently served as the CFO of J.P. Mogran's commercial banking business, a position she has held since 2007. Acton, 60, plans to retire in April. Comerica said that initially, Parkhill will assume administrative responsibilities for Comerica's service company, including corporate planning and development and corporate compliance and financial intelligence. Comerica expects to name her as CFO when it files its fiscal third-quarter results with the Securities and Exchange Commission. The company hasn't outlined a release date for that filing, but it is likely to come sometime in October based on past filings. Comerica is closing a $780.6 million acquisition of Sterling Bancshares Inc. (SBIB), part of its strategy to shift its focus from the Midwest to the much stronger Texas economy. Shares were down 0.4 at $32.53 after hours. Through the close, the stock has fallen 23% so far this year, while the wider market has gained. -By Joan E. Solsman, Dow Jones Newswires; 212-416-2291; joan.solsman@dowjones.com

Stock News for Comerica (CMA)
DateTimeHeadline
05/26/201616:07:46Initial Statement of Beneficial Ownership (3)
05/24/201616:19:00Comerica to Present at Deutsche Bank 2016 Global Financial Services...
05/17/201609:03:00Comerica Bank Partners With Two Of The Leading Startup Organizations...
05/09/201618:17:17Statement of Changes in Beneficial Ownership (4)
05/04/201609:18:00Medtronic Recruits New Finance Chief From Comerica--Update
05/04/201603:04:00Medtronic to Name A New Finance Chief -- WSJ
05/04/201600:11:00Medtronic Recruits New Finance Chief From Comerica
05/04/201600:10:00Medtronic Hires New Finance Chief
05/03/201623:59:00Medtronic Recruits New Finance Chief From Comerica
05/03/201621:30:00Comerica CFO Stepping Down
05/03/201617:07:32Current Report Filing (8-k)
05/03/201617:00:00David E. Duprey Named Chief Financial Officer Of Comerica
05/02/201616:47:26Current Report Filing (8-k)
04/29/201617:10:17Quarterly Report (10-q)
04/27/201611:30:00Comerica Bank's Texas Index Sees Lightest Decline Since Energy...
04/27/201610:30:00Comerica Bank's California Index Flat on Stalling Tech Sector
04/27/201609:30:00Comerica Bank's Michigan Index Returns to Gains
04/26/201616:20:00Shareholders Protest at Comerica Annual Meeting
04/26/201614:39:00Comerica Directors Increase Quarterly Dividend 5 Percent to 22...
04/26/201613:30:00Comerica Announces Results From Annual Meeting Of Shareholders

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