Flagstar Bank Hires David W. Hollis as Chief Human Resources Officer

Rhea-AI Summary

Flagstar Bank announced the appointment of David W. Hollis as executive vice president and chief human resources officer, effective July 16, 2020. Hollis brings over 25 years of HR leadership experience in diverse sectors, including financial services and manufacturing. Previously, he served as chief talent officer at Goodyear, managing HR for 64,000 employees globally. His role at Flagstar will involve overseeing all HR initiatives including recruiting and diversity programs. CEO Alessandro DiNello expressed confidence in Hollis’s ability to enhance organizational performance and support diversity and inclusion efforts.

Positive

• David W. Hollis brings over 25 years of HR leadership experience, enhancing Flagstar's HR initiatives.
• His past roles include chief talent officer at Goodyear and chief HR officer at the Federal Reserve Bank of Cleveland, indicating a deep expertise in HR.
• Hollis is expected to strengthen diversity and inclusion activities within Flagstar.

Negative

• None.

TROY, Mich., July 16, 2020 /PRNewswire/ -- Flagstar Bank has named David W. Hollis executive vice president and chief human resources officer with responsibility for all of the company's HR initiatives. In this role, he will oversee recruiting, training, business partnerships, HR information systems, compensation, pay and benefits, internal communications, employee engagement, and HR's role in implementing diversity and inclusion initiatives.

He brings to Flagstar over 25 years of HR leadership in financial services, manufacturing/industrial, and retail industries. Most recently he served as chief talent officer at Goodyear Tire and Rubber where he had extensive HR responsibilities encompassing 64,000 employees in 22 countries.

Previously, he was chief human resources officer at the Federal Reserve Bank of Cleveland, where he led transformational change with an emphasis on culture, talent acquisition and management, and strategy development. He also served as director of the bank's Office of Minority and Women Inclusion, overseeing workforce representation, supplier diversity, and financial outreach. Earlier in his career, he held senior roles with PNC Financial Services, National City Bank, and Sears Roebuck & Co.

"We are fortunate to have someone with David's abilities leading our HR initiatives at Flagstar," said Alessandro DiNello, president and CEO of Flagstar. "With his strong background in both financial services and other industries, his demonstrated results in leveraging HR to improve organizational performance, and the depth and breadth of his experience in all aspects of HR, he brings a wealth of talent to Flagstar. He is unquestionably the right person at the right time, especially as we look to be even more proactive in our D&I activities." 

Flagstar Bancorp, Inc. (NYSE: FBC) is a $26.8 billion savings and loan holding company headquartered in Troy, Mich. Flagstar Bank, FSB, provides commercial, small business, and consumer banking services through 160 branches in Michigan, Indiana, California, Wisconsin and Ohio. It also provides home loans through a wholesale network of brokers and correspondents in all 50 states, as well as 87 retail locations in 28 states, representing the combined retail branches of Flagstar and its Opes Advisors mortgage division. Flagstar is a leading national originator and servicer of mortgage and other consumer loans, handling payments and record keeping for $225 billion of loans representing nearly 1.1 million borrowers. For more information, please visit flagstar.com.

For more information contact:
Susan Bergesen
Flagstar Bank
(248) 312-6237

 

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SOURCE Flagstar Bancorp, Inc.

FAQ

What is the significance of David W. Hollis's appointment as Chief Human Resources Officer for Flagstar Bank?

David W. Hollis's appointment is significant as he brings extensive HR experience, which is expected to boost Flagstar's HR initiatives, including diversity and inclusion.

When did David W. Hollis start as Chief Human Resources Officer at Flagstar Bank?

David W. Hollis started his role as Chief Human Resources Officer at Flagstar Bank on July 16, 2020.

What are David W. Hollis's main responsibilities at Flagstar Bank?

His responsibilities include overseeing recruiting, training, HR systems, compensation, and implementing diversity and inclusion initiatives.

How does David W. Hollis's experience benefit Flagstar Bank?

Hollis's extensive experience in HR across financial services and other industries is expected to enhance organizational performance and diversity efforts at Flagstar.

Who is the CEO of Flagstar Bank who commented on David W. Hollis's appointment?

The CEO of Flagstar Bank is Alessandro DiNello, who expressed strong support for Hollis's capabilities.