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Comerica names new CFO

🕐 2 min read

Dallas-based regional bank Comerica Inc. announced Tuesday that it has named General Auditor David Duprey as chief financial officer replacing Karen Parkhill who has resigned.

That news follows the company’s quarterly profit has fallen and that it has been negatively impacted by energy loans, forcing the company to increase provisions for credit losses. Comerica CEO Ralph Babb has said the bank would consider offers to sell the company in an effort to improve returns.

The bank has also hired the Boston Consulting Group to conduct a review of costs and new business opportunities.

Duprey joined Comerica in 2006 from Ernst & Young (EY), where he served as a partner. During his time at EY, Duprey worked with Comerica and large regional and other financial institutions, along with retail and manufacturing companies in domestic and international venues. Duprey joined EY in 1980 and during his time at the firm, was involved in numerous complex restructuring engagements and expense control initiatives. Additionally, he has experience in executing strategies to assess clients’ business performance, as well as in complex audit and accounting, financial reporting and SEC matters.

Parkhill, meanwhile, has landed at Medtronic plc, a Dublin, Ireland-based medical technology, services and solutions company. She will join the company June 20, succeeding Gary L. Ellis in the CFO role and will report to Medtronic CEO Omar Ishrak.

Parkhill earned bachelor`s degrees in business administration and mathematics from Southern Methodist University and an MBA from the University of Chicago Booth School of Business. She is a member of the International Women`s Forum and serves as a National Trustee for the Boys and Girls Club of America. Parkhill was recently named one of the “Top 25 Most Powerful Women in Banking” by American Banker Magazine. She is a member of the Board of Directors for the Methodist Health System in Dallas.

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