Stephen D. Steinour is the President and CEO of Huntington Bancshares, where he has led the company since 2009. With a solid background in finance, Steinour climbed the ranks at Citizens Financial Group before joining Huntington. Under his leadership, Huntington...
Stephen D. Steinour is the President and CEO of Huntington Bancshares, where he has led the company since 2009. With a solid background in finance, Steinour climbed the ranks at Citizens Financial Group before joining Huntington. Under his leadership, Huntington has focused on performance-based compensation to align executive pay with long-term shareholder value. Steinour takes this a step further, as he has been granted significant stock awards and has seen consistent increases in his compensation over the years, reflecting his effective management. His compensation in 2016 topped $8.9 million, a result of strong company performance metrics in earnings per share and return on equity. One notable aspect of his tenure is the significant fluctuations in his stock holdings, with values peaking as high as $159.06 million in December 2021 before experiencing some declines. Additionally, Steinour played a crucial role in the modernization of executive agreements at Huntington, removing provisions for golden parachutes and embracing best practices. This demonstrated his commitment to transparency and corporate governance amid changing market conditions. Overall, Steinour has shaped Huntington’s strategic direction through focused leadership and a clear alignment of interests with stakeholders.