Fifth Third chief credit officer Greg Schroeck to retire

Fifth Third (FITB) announced a planned leadership transition within its credit organization following the upcoming retirement of Greg Schroeck, chief credit officer, after nearly 40 years of distinguished service. Kristof Schneider, currently deputy chief credit officer, will succeed Schroeck. Schneider will join Fifth Third’s Enterprise management team, the bank’s senior-most governing body, and report to Bob Shaffer, chief risk officer. Schroeck will stay on in an advisory capacity through the second quarter of this year to ensure a transition.