On April 18, 2023, the Boards of Directors of the Company and Fifth Third Bank, National Association (the “Bank”) appointed Nicholas K. Akins as the independent, non-executive Board Chair of the Company and the Bank, respectively. Mr. Akins has been a director of the Company since 2013 and previously served as the Company's Lead Independent Director. Mr. Akins replaces Greg D. Carmichael as Board Chair.

Upon the appointment of Mr. Akins as the independent Board Chair, there will be no Lead Director of the Company unless and until the Company's organizational documents require that the position of Lead Director be filled, or the Board otherwise determines to appoint a Lead Director.