DALLAS, Nov. 8, 2017 /PRNewswire/ -- Comerica
Incorporated (NYSE: CMA) today announced that Executive Vice
President and Chief Accounting Officer Muneera S. Carr will be named chief financial
officer, effective Jan. 23, 2018.
Carr will succeed David E. Duprey,
executive vice president and chief financial officer, who plans to
retire on Feb. 28, 2018, after a
35-year tenure in the financial services industry. From
Jan. 23, 2018, to Feb. 28, 2018, Duprey will remain an executive
vice president at Comerica.
Carr joined Comerica in February
2010 as chief accounting officer and controller and her
responsibilities have expanded to include tax, planning and
forecasting, and management information systems. In addition, she
worked on various financial aspects of Comerica's Growth in
Efficiency and Revenue Initiative (GEAR Up) when the project
launched in 2016. Prior to Comerica, Carr held leadership positions
at SunTrust Banks, Inc., and Bank of America, in addition to
various roles of increasing responsibility at
PricewaterhouseCoopers LLP. She also was selected to serve as a
Professional Accounting Fellow at the Securities and Exchange
Commission.
"Muneera operates as a strong business leader for Comerica, and
we are fortunate to have someone of her caliber to transition
seamlessly into this role," said Ralph W.
Babb Jr., chairman and chief executive officer. "We believe
her financial insight will create shareholder value and help drive
the future growth and success of our organization."
As chief financial officer, Carr will direct management of
Finance, overseeing Accounting, Business Finance, Investor
Relations, Treasury, Procurement, Security, Real Estate and
Economics. She will assume responsibility for all financial
reporting, and will report to Babb.
Duprey was named chief financial officer of Comerica on
May 3, 2016, after serving the
company for nine years as executive vice president and general
auditor. Duprey joined Comerica in 2006 from Ernst & Young
(EY), where he was a partner. During his nearly 26 years at EY, he
worked with large regional and other financial institutions, along
with retail and manufacturing companies in domestic and
international venues.
"On behalf of our board of directors, executive team and
colleagues, I want to thank Dave for his consistent and dedicated
leadership over the past decade," said Babb. "He has been
invaluable to Comerica and will leave behind a strong legacy of
transparency and accountability."
Comerica Incorporated (NYSE: CMA) is a financial services
company headquartered in Dallas,
Texas, and strategically aligned by three business segments:
The Business Bank, The Retail Bank, and Wealth Management. Comerica
focuses on relationships, and helping people and businesses be
successful. In addition to Texas,
Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in
several other states, as well as in Canada and Mexico.
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SOURCE Comerica Incorporated