Home > Leadership Reimagined > Episode 53: Tim Spence

Episode 53: Tim Spence

A CEO’s Commitment: Thriving Communities Drive Corporate Success

Janice Ellig, CEO and founder of Ellig Group, sits down with real leaders in this series of game-changing conversations bespoke to fellow champions of change. Heralded by Bloomberg Businessweek as one of “The World’s Most Influential Headhunters,” Janice is often consulted for her expertise and commitment to gender parity, equity, inclusion, and diversity.

We are honored to present this month’s episode of Leadership Reimagined, “A CEO’s Commitment: Thriving Communities Drive Corporate Success,” featuring Tim Spence, President, CEO, and Director of Fifth Third Bancorp.

Tim believes that “banks are only as strong as their customers and the communities where they operate.” Fifth Third not only fulfilled its ambitious five-year community commitment made in 2016 but also surpassed its $32 billion goal with an astounding $41 billion in lending and investments, thereby making a profound impact on marginalized black and brown communities and their neighborhoods that have long been shut out or left behind over the course of many decades. Tim personally demonstrates this belief through his service to various higher education and economic development organizations in Ohio and beyond. Tim is a founding member of Fifth Third’s Enterprise Diversity Leadership Council and serves as the executive sponsor of the African American Business Resource Group.

Tim Spence - Leadership Reimagined Podcast

Tim joined Fifth Third in 2015 as Chief Strategy Officer and was named president in 2020, responsible for the Consumer Bank. Prior to joining Fifth Third, Tim was a senior partner in the financial services practice at Oliver Wyman. Recognized for his innovative vision for significantly advancing Fifth Third’s digital transformation, he was named Digital Banker of the Year in 2018. Learn about the many firsts in Fifth Thirds’ 160-year history and how this CEO is driving more firsts.

Enjoy this insightful episode of Leadership Reimagined with Tim Spence, President, CEO, and Director of Fifth Third Bancorp!

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Janice Reals Ellig

Chief Executive Officer

As the head of the Ellig Group, Janice is dedicated to increasing the placement of women and diverse candidates on corporate boards and in C-suites by 2025. Janice joined the legacy firm in 2000 and became Co-Chief Executive Officer in its transition to Chadick Ellig in 2007; she assumed sole ownership of the company as the Ellig Group in 2017 with a new focus on Reimagining Search. Prior to her career in executive search, Janice spent 20 years in corporate America at Pfizer, Citi and Ambac Financial Group, an IPO from Citibank, where she was responsible for Marketing, Human Resources, and Administration.

Heralded by Bloomberg Businessweek as one of “The World’s Most Influential Headhunters,” Janice is often consulted for her expertise and her commitment to gender parity, inclusion, and diversity. She frequently appears at speaking engagements and as a media guest, and she has penned multiple articles for outlets such as Directors & Boards, Directorship, Corporate Director, The Huffington Post, and Forbes.com. Janice also co-authored two books: Driving The Career Highway and What Every Successful Woman Knows, acknowledged by Bloomberg Businessweek as “the best of its genre.”

A tirelessly active member of the industry and champion of her causes, Janice is Founder of the Women’s Forum of New York’s Corporate Board Initiative and its signature event, Breakfast of Corporate Champions. Since 2011, Janice continues to spearhead this event to honor companies committed to board diversity and to encourage CEOs to sponsor board-ready women for the Women’s Forum database. (LINK: www.womensforumny.org).

Janice is personally committed to several NFP organizations: Board Director of the National YMCA and Past Chair of the YMCA Board of Greater New York; Trustee of the Actors Fund and Committee For Economic Development (CED); Incoming Chair, University of Iowa Foundation; Women’s Forum of New York Past President and Chair of the Corporate Board Initiative; member of the Steering Committee, US 30% Club and The Economic Club of New York.

In recognition for her many philanthropic activities, Janice received the University of Iowa Distinguished Alumni Award in 2011 and the Association of Executive Search Consultants (AESC) Eleanor Raynolds Award for Volunteerism in 2008. Named one of the “21 Leaders for the 21st Century” by Women’s eNews, she was also a recipient of the Channel 21 Award In Excellence for her contribution to “Excellence in the Economic Development for Women.”

“Listening to our clients’ needs, learning their business and understanding their culture is how we present the best talent and provide  a competitive advantage. We place candidates with the character, competencies, commitment, (intellectual) curiosity and courage to make a difference. Our goal is always to go beyond the expected and deliver valuable advice, measurable results and great talent!”

– Janice Reals Ellig

  • Champion of gender parity, diversity, and inclusion
  • Industry expert, speaker, and author
  • Founder of the Women’s Forum of New York’s Corporate Board Initiative
  • Committed board and committee member and philanthropist

T: (212) 688-8671 ext. 226
E: Janice@ElligGroup.com