SunTrust Announces Leadership Transition in Human Resources and South Florida

ATLANTA, June 1, 2016 /PRNewswire/ -- SunTrust Banks, Inc. STI today announced a leadership transition in its Human Resources function and South Florida market.

Chief Human Resources Officer Kenneth J. Carrig has announced plans to retire from the company at year-end, capping a successful 35-year career in corporate human resources service.

Margaret Callihan, currently chair, president and CEO of SunTrust in South Florida, will succeed Carrig as SunTrust chief human resources officer, effective August 1. She will oversee the company's staffing and talent management, compensation, employee benefits, HR operations and compliance, employee relations, and training and development. Callihan will report to SunTrust Banks, Inc. Chairman and CEO William H. Rogers, Jr., and join the company's executive leadership team.

Manny Perdomo, currently senior commercial credit risk manager for SunTrust Bank, South Florida will succeed Callihan as chairman, president and CEO of SunTrust in South Florida.

"Ken Carrig strengthened the talent management process at SunTrust and introduced innovative systems across the HR function," said Rogers. "Margaret Callihan is a proven leader with broad banking and management experience to build upon these successes in the CHRO role. Manny Perdomo is integral to our business in South Florida and will ensure that we continue to serve and grow our client base in this important market." 

SunTrust Banks Inc., a purpose-driven company, serves more than 4.8 million consumer and business clients and is leading the onUp movement to help more Americans achieve financial confidence. "We are pleased to have a deep bench of leadership expertise that aligns our purpose with performance," Rogers said.

Executive Biographies

Prior to joining SunTrust as chief human resources officer in 2011, Carrig was executive vice president of human resources at Comcast. He held similar roles with Sysco Corporation and Continental Airlines. Carrig earned a bachelor's degree in Labor Economics from Cornell University, and completed leadership development education and training at Columbia University and Yale University.

Callihan joined SunTrust in 1978 and served in a variety of commercial banking, retail banking and geographic leadership roles. She was chair, president and CEO of SunTrust in the Southwest Florida and Chattanooga regions, as well as retail line of business manager in Tennessee and Alabama. Callihan holds a bachelor's degree in business and an MBA from Vanderbilt University.

A 30-year banking industry veteran, Perdomo has broad experience in corporate, commercial and international banking. He worked at SunTrust from 1986 to 1998 as a market leader in Tampa and Miami, and then spent 13 years at Bank of America in various capacities including international products executive for commercial banking and credit products executive for dealer financial services. He rejoined SunTrust in 2014.

About SunTrust Banks, Inc.
SunTrust Banks, Inc. is a purpose-driven company dedicated to Lighting the Way to Financial Well-Being for the people, businesses and communities it serves. Headquartered in Atlanta, the company has three business segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage. Its flagship subsidiary, SunTrust Bank, operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states, along with 24-hour digital access. Certain business lines serve consumer, commercial, corporate and institutional clients nationally. As of March 31, 2016, SunTrust had total assets of $194 billion and total deposits of $152 billion. The company provides deposit, credit, trust, investment, mortgage, asset management, securities brokerage, and capital market services. SunTrust leads onUp, a national movement inspiring Americans to build financial confidence. Join the movement at onUp.com.

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SOURCE SunTrust Banks, Inc.