Fifth Third announces board changes with new director joining

Fifth Third Bancorp (NASDAQ: FITB) announced Thomas H. Harvey will retire from its board of directors and Priscilla Almodovar will join the board, both changes effective January 7, 2026.

Almodovar brings more than 35 years of leadership experience in regulated organizations. She most recently served as president and chief executive officer of Fannie Mae, where she led the $4.1 trillion government-sponsored enterprise. Before that role, she was president and CEO of Enterprise Community Partners, a national nonprofit focused on affordable housing, where she launched a $3.5 billion initiative to expand housing opportunities.

Earlier in her career, Almodovar was a managing director at JPMorgan Chase, overseeing two national real estate businesses. She also led the New York State Housing Finance Agency and State of New York Mortgage Agency. At Fifth Third, she will serve on the Nominating and Corporate Governance, and Risk and Compliance committees.

"Hal's expertise and counsel have been invaluable to Fifth Third," said Tim Spence, chairman, CEO and president of Fifth Third. "His deep knowledge of financial services and corporate governance, combined with his leadership in energy innovation and commitment to ethical business standards, has helped shape our governance practices."

The announcement was made in a company press release. Fifth Third is a Cincinnati-based bank that has been operating since 1858 and trades on the NASDAQ Global Select Market.

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