DETROIT/Dec. 10, 2002 - Comerica Incorporated (NYSE: CMA) today announced thatDale E. Greenewill succeedThomas R. Johnsonas Chief Credit Officer. The announcement was made by Ralph W. Babb Jr., chairman, president and chief executive officer.
As executive vice president, Credit Policy, Greene will oversee the corporation’s loan policies and procedures, including the overall quality of Comerica’s lending portfolio. Most recently, he has served as executive vice president and officer-in-charge of Corporate Banking, a position he has held since 1999. Mr. Greene, 56, joined Comerica in 1978 as a commercial loan officer. He has held various management positions, including service as chief credit officer for Comerica Bank (Michigan) from 1996 to 1999.
Mr. Johnson, an executive vice president, had served as Comerica’s chief credit officer for 15 years. He joined Comerica in 1968 as a credit analyst. He has held a number of management positions at Comerica, including leadership of two business banking departments. He was named chief credit officer in 1987. In addition to working closely with Dale Greene to ensure a smooth transition, Mr. Johnson, 58, will now be the senior executive in charge of the credit portion of Comerica’s enterprise-wide risk management program. This program is part of Comerica’s evolving credit risk process and will ensure a robust risk management environment in compliance with the Basel II Capital Accord requirements.
Comerica Incorporated (NYSE: CMA) is a financial services company focused on business banking and asset gathering. Through its more than 500 customer-service locations, including branch, lending and investment offices, Comerica helps businesses and people be successful. Comerica is ideally positioned to deliver high quality financial services in Michigan, California and Texas, as well as in Florida, numerous other states, Canada and Mexico. Comerica has an investment services affiliate, Munder Capital Management, ranked among the top money managers worldwide. Comerica reported total assets of $53 billion at September 30, 2002.
Media Contacts:
Sharon R. McMurray
(313) 222-4881
or
Wayne J. Mielke
(313) 222-4732
Investor Contacts:
Helen L. Arsenault
(313) 222-2840
or
Judith M. Chavis
(313) 222-6317
