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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; [email protected]

Stock News for Comerica (CMA)
DateTimeHeadline
01/24/201717:43:16Amended Statement of Changes in Beneficial Ownership (4/a)
01/24/201717:42:03Amended Statement of Changes in Beneficial Ownership (4/a)
01/24/201717:40:15Amended Statement of Changes in Beneficial Ownership (4/a)
01/24/201716:42:52Statement of Changes in Beneficial Ownership (4)
01/24/201716:35:04Statement of Changes in Beneficial Ownership (4)
01/24/201716:33:20Statement of Changes in Beneficial Ownership (4)
01/24/201716:31:11Statement of Changes in Beneficial Ownership (4)
01/24/201716:29:25Statement of Changes in Beneficial Ownership (4)
01/24/201716:24:10Statement of Changes in Beneficial Ownership (4)
01/24/201716:21:07Statement of Changes in Beneficial Ownership (4)
01/24/201716:20:14Statement of Changes in Beneficial Ownership (4)
01/24/201716:18:56Statement of Changes in Beneficial Ownership (4)
01/24/201716:17:35Statement of Changes in Beneficial Ownership (4)
01/24/201716:13:25Statement of Changes in Beneficial Ownership (4)
01/24/201716:11:40Statement of Changes in Beneficial Ownership (4)
01/24/201713:45:00Comerica Directors Declare Dividend
01/23/201714:21:59Amended Statement of Ownership (sc 13g/a)
01/17/201708:01:00Comerica Says Interest Rates, Oil Prices Boost Results
01/17/201706:40:00Comerica Reports Fourth Quarter 2016 Earnings
01/17/201706:33:33Current Report Filing (8-k)

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