Greg D. Carmichael became the CEO of Fifth Third Bancorp and Fifth Third Bank on November 1, 2015. Before that, he was the President and COO since 2012, and had a significant role as the Chief Information Officer starting in...
Greg D. Carmichael became the CEO of Fifth Third Bancorp and Fifth Third Bank on November 1, 2015. Before that, he was the President and COO since 2012, and had a significant role as the Chief Information Officer starting in 2003. So, he knows the bank inside and out. He holds a degree in finance from the University of Michigan, which helped him build a successful career. Under his leadership, the bank focused on strong performance metrics like earnings per share and efficiency ratios, which made sure they were doing well financially. In 2016, he was awarded a total compensation of about $7.56 million, showing that the board recognized his efforts. However, in 2023, he announced his retirement as Executive Chair, marking the end of a significant chapter. Carmichael is known for his strategic insights and has been a key player in the bank's growth, making sure it adapts and thrives in a changing financial landscape.