Benzinga.com, June 1, 2011, Wednesday

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Benzinga.com

June 1, 2011, Wednesday

SunTrust Names Ken Carrig Corporate Executive Vice President and Chief Human Resources Officer.

ATLANTA, June 1, 2011 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE:STI) today announced that Kenneth J. Carrig has joined the Company as Corporate Executive Vice President and Chief Human Resources Officer. He will oversee human resources strategy, talent management, employee benefits, compensation, staffing, human resources systems, operations and payroll, compliance, employee relations, human resources policies, as well as training and development.

Mr. Carrig succeeds Mimi Breeden who retired from the Company last year. He will report to SunTrust Banks, Inc. President and Chief Executive Officer William H. Rogers, Jr.

"Ken is a proven human resources leader with extensive experience leading this critical function for companies in regulated industries," said Mr. Rogers. "He is committed to our client-centric approach to business, and I'm confident that his expertise will be valuable as we drive continuous improvement in our teammate engagement, client loyalty and growth metrics."

Prior to joining SunTrust, Mr. Carrig was Executive Vice President of Human Resources for Comcast. He previously held similar roles with Sysco Corporation and Continental Airlines during his 30-year human resources career.

Mr. Carrig earned his undergraduate degree in Labor Economics from Cornell University, and participated in leadership development education and training at Columbia University and Yale University. He is a member of the advisory board of the Cornell Center for Advanced Human Resource Studies, a National Academy of Human Resources Fellow (2004), and was named the Academy of Management Distinguished Human Resources Executive (2010).

Mr. Carrig co-authored the book, "Building Profit Through Building People" in 2006, the proceeds of which benefit Share Our Strength, an organization dedicated to fighting childhood hunger.

SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation's largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. As of March 31, 2011, SunTrust had total assets of $170.8 billion and total deposits of$124.0 billion. The Company operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states and a full array of technology-based, 24-hour delivery channels. The Company also serves clients in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries the Company provides mortgage banking, insurance, brokerage, investment management, equipment leasing and investment banking services. SunTrust's Internet address is suntrust.com.
SOURCE SunTrust Banks, Inc.
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