Karen L. Parkhill*
Karen L. Parkhill is a Vice Chairman and Chief Financial Officer for Comerica. She is a member of Comerica's Management Policy Committee and the Comerica Bank Board of Directors.
Parkhill joined Comerica on August 8, 2011. Initially, Parkhill assumed administrative responsibilities for the Service Company (includes Information Services, Enterprise Payments, Commercial Lending Services, Corporate Real Estate & Security, and Administrative Services), Corporate Planning and Development, and Corporate Compliance and Financial Intelligence. On November 1, 2011, immediately following the filing of Comerica’s Form 10-Q for the third quarter 2011, she assumed the additional role of Chief Financial Officer, succeeding Elizabeth S. Acton, who retired in April 2012. As CFO, Parkhill has direct management of Finance, including Accounting, Business Finance, Investor Relations, Treasury and Economics, with responsibility for all financial reporting.
Parkhill joined Comerica from JP Morgan Chase and Co., where she most recently served as Chief Financial Officer for the Commercial Banking business, a position she held since 2007. She joined JP Morgan in 1992 in the Investment Bank and held various positions of increasing scope and responsibility, from an Associate in the Mergers and Acquisitions Group to a Managing Director in the Investment Banking Coverage Group.
Parkhill’s financial services experience spans nearly 25 years, and includes time in Dallas, Texas, where she began her career as an analyst at a company (Rauscher Pierce Refsnes, Inc., now known as Dain Rauscher) that would become one of the largest security firms in the nation.
Parkhill earned bachelor’s degrees in business administration and mathematics from Southern Methodist University in Dallas and an MBA from the University of Chicago Booth School of Business. She is a 2012 recipient of the SMU Cox School of Business Distinguished Alumni Award and a 2008 recipient of the University of Chicago Booth School of Business Distinguished Young Alumna Award. She is a National Trustee for the Boys and Girls Clubs of America.