DETROIT, May 22 /PRNewswire/ -- Shareholders of Comerica Incorporated
(NYSE: CMA) elected seven directors to the board at the Corporation's annual
meeting today. In addition, shareholders approved amendments to the Long-Term
Incentive Plan and Management Incentive Plan.
Elected to the board of directors for a three-year term of office expiring
in 2004 were: James F. Cordes, retired executive vice president, The Coastal
Corporation; Peter D. Cummings, chairman, Peter D. Cummings & Associates,
Inc.; Todd W. Herrick, president and chief executive officer, Tecumseh
Products Company; Eugene A. Miller, chairman, president and chief executive
officer, Comerica Incorporated and Comerica Bank; William P. Vititoe, retired
chairman, president and chief executive officer, Washington Energy Company;
Martin D. Walker, principal, MORWAL Investments; and, Kenneth L. Way,
chairman, Lear Corporation.
Other members of the Comerica Incorporated Board of Directors are: Lillian
Bauder, vice president, Corporate Affairs, Masco Corporation; J. Philip
DiNapoli, president, JP DiNapoli Companies Inc.; Anthony F. Earley, Jr.,
chairman and chief executive officer, DTE Energy, Inc.; Max M. Fisher,
investor; Roger Fridholm, president, St. Clair Group; David Baker Lewis,
chairman, Lewis & Munday, PC; John D. Lewis, vice chairman, Comerica
Incorporated and Comerica Bank; Wayne B. Lyon, chairman, LifeStyle Furnishings
International Ltd.; Alfred A. Piergallini, president and chief executive
officer, Novartis Consumer Health Worldwide; John W. Porter, chief executive
officer, Urban Education Alliance, Inc.; Heinz C. Prechter, chairman, Prechter
Holdings; Howard F. Sims, chairman and member, SDG Associates, P.L.L.C.;
Robert S. Taubman, president and chief executive officer, The Taubman Company;
Patricia M. Wallington, president, CIO Associates; and, Gail L. Warden,
president and chief executive officer, Henry Ford Health System.
Shareholders approved amendments to the Long-Term Incentive Plan and
Management Incentive Plan designed to continue the tax deductibility of
performance-based compensation paid under the plans and to establish the
number of shares of Comerica common stock which may be awarded under the
Long-Term Incentive Plan.
Comerica Incorporated is a multi-state financial services provider
headquartered in Detroit, with bank subsidiaries in Michigan, California and
Texas, banking operations in Florida, and businesses in several other states.
Comerica has an investment services affiliate, Munder Capital Management, and
also operates banking subsidiaries in Canada and Mexico. Comerica reported
total assets of $50 billion at March 31, 2001.
SOURCE Comerica Incorporated
CONTACT: Media Contacts: Sharon R. McMurray, 313-222-4881, or Wayne J.
Mielke, 313-222-4732, Investor Contacts: Judith S. Love, 313-222-2840, or
Judith M. Chavis, 313-222-6317, all of Comerica Incorporated/
