Comerica Inc. Promotes Three Executives to Newly Established Positions

All three will continue to report to Comerica Chairman and CEO Curt Farmer.

Dallas-based Comerica promoting three executives to newly established positions, effective Jan. 27.

Peter Sefzik, executive vice president, executive director of Commercial Bank, will assume the role of senior executive vice president and chief banking officer. Megan Crespi, EVP, chief enterprise technology and operations services officer, will become senior EVP, chief operating officer. Megan Burkhart, EVP, chief human resources Officer, will assume the role of senior EVP, chief administrative officer.

All three will continue to report to Comerica Chairman and CEO Curt Farmer.

“Each of these individuals brings unique expertise, proven results and demonstrated leadership to their roles,” Farmer said in a statement. “I am so pleased to work alongside a team of this caliber who shares my commitment to Comerica and our customers, colleagues, and the communities we serve.”

New roles expand on current duties

Peter Sefzik, Comerica Sr. EVP, Chief Banking Officer

Comerica said that Sefzik will oversee the revenue teams, including commercial bank, retail bank, and wealth management, as well as marketing and customer experience. In his new role, he will expand his focus on customer relationships and growth across all three major business segments and through their marketing investment.

Sefzik became EVP, executive director of the commercial bank in 2018, where he has been responsible for all lines of business in the commercial bank segment of Comerica, which includes general middle market, business banking, 14 specialty lines of business, treasury management, and capital markets.

Megan Crespi, Comerica Sr. EVP, Chief Operating Officer

Crespi will oversee technology, enterprise security, lending and trade services, corporate real estate, the customer contact center, data and analytics, and a new role that will focus on Comerica’s digital transformation.

She joined Comerica in March 2020 to oversee the bank’s enterprise payments, lending & trade services, real estate & security, technology, and cybersecurity units.

Megan Burkhart, Comerica Sr. EVP, Chief Administrative Officer

Burkhart will oversee human resources, the Business Program Management Office, and corporate responsibility.

Burkhart was named the chief HR Officer in 2010, leading diversity and inclusion, HR operations and risk, HR consulting, talent management and learning, organizational change management, talent acquisition, and total rewards. She joined Comerica in 1997 and served in a variety of HR-related positions, including SVP and director of compensation.

Comerica said the following leaders will maintain their current responsibilities but will assume the title of Senior EVP, from EVP):

  • Melinda Chausse, Senior EVP, Chief Credit Officer
  • Jim Herzog, Senior EVP, Chief Financial Officer
  • Jay Oberg, Senior EVP, Chief Risk Officer

Comerica reported total assets of $85.4 billion as of Dec. 31, 2022.

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