Comerica Announces Resignation of Paul E. Burdiss, Treasurer

Longtime Comerica Executive Michael H. Michalak Named Interim Treasurer

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Jul 20, 2011, 04:05 ET

DALLAS, July 20, 2011 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) today announced the resignation of Paul E. Burdiss, executive vice president and Treasurer, effective immediately. Michael H. Michalak, executive vice president, Corporate Planning, Development and Risk Management, has been named Interim Treasurer and in this role will report to Elizabeth S. Acton, executive vice president and chief financial officer.

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Burdiss has resigned to pursue an opportunity at another regional bank.

Michalak joined Comerica in 1988 in the Treasurer's Department and was named Treasurer in 1996. He assumed responsibility of Corporate Planning, Development and Risk Management in 1997, a role he continues.

As Interim Treasurer, Michalak will be responsible for managing Comerica's liquidity and interest rate risks, insurable risks, capital planning and special finance projects.

Comerica Incorporated is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Comerica reported total assets of $54.1 billion at June 30, 2011. To receive e-mail alerts of breaking Comerica news, go to http://www.comerica.com/newsalerts.