
Fifth Third Bancorp is led by Greg Carmichael, who has been the company's CEO since 2015. He has over 30 years of experience in the banking industry.
Greg Carmichael has led the company's transformation into a more digital and customer-centric bank. Under his leadership, Fifth Third has invested heavily in technology and innovation.
The company's executive team includes several other key leaders, including Whitt Steineker, who serves as the President and Chief Operating Officer. He has been with the company for over 20 years and has held various leadership roles.
Whitt Steineker has been instrumental in driving the company's growth and expansion into new markets.
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Fifth Third Bancorp Leadership
The executive team at Fifth Third Bank is 33% female and 67% male, with a significant presence of men in leadership positions.
The bank's management team is predominantly White, with 69% of the team identifying as White, followed by Hispanic or Latino (13%), and Black or African American (11%).
The leadership team includes several notable executives, including CEO Tim Spence, who was named chairman starting January 2, 2023, and CFO Jamie Leonard, who was promoted to chief operating officer.
Tim Spence: Chairman

Tim Spence is taking on a new role as chairman of Fifth Third Bancorp, starting January 2. He's been with the bank since 2015 and was named CEO last year.
Spence is replacing Nick Akins, who will continue as the bank's lead independent director. This change is part of a larger leadership shuffle at the bank.
As chairman, Spence will be overseeing the bank's overall direction and strategy. He's been instrumental in executing on the bank's vision, which began during the tenure of former CEO Greg Carmichael.
Spence has a deep understanding of the bank's operations, having been CEO for a year. He's also been a key player in the bank's efforts to grow its market share and branch network.
Fifth Third's board members approved this change, and it's expected to take effect on January 2. This move is seen as a logical step in the bank's evolution.
Spence's leadership has been praised by analysts, who see him as a key figure in the bank's continued success.
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Greg Carmichael's CIO to CEO Journey
Greg Carmichael's CIO to CEO journey is a remarkable one. He started as the Chief Information Officer of Fifth Third Bancorp in 2015, overseeing the bank's technology and operations.
Fifth Third Bancorp's leadership recognized Carmichael's exceptional skills, which led to his promotion to President in 2016. He played a crucial role in the bank's digital transformation.
As President, Carmichael was responsible for leading various business units, including consumer and commercial banking. He worked closely with the executive team to drive growth and innovation.
Carmichael's promotion to CEO in 2019 was a testament to his hard work and dedication. He became the first CIO to lead the bank as CEO.
Under Carmichael's leadership, Fifth Third Bancorp has continued to thrive, with a strong focus on digital banking and customer experience. The bank has invested heavily in technology to drive growth and improve customer service.
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Analysis / Opinion
Fifth Third CEO has a clear vision for the bank's future, as evident in their Q3 results.
The CEO's leadership has been instrumental in driving the bank's success, with a strong focus on customer satisfaction and community involvement.
Fifth Third has consistently delivered solid financial results, with a significant increase in revenue and profits.
The bank's commitment to innovation and technology has enabled them to stay ahead of the curve, providing customers with seamless and secure banking experiences.
One notable aspect of Fifth Third's leadership is their emphasis on corporate social responsibility, with a focus on giving back to the community through various initiatives.
The bank's dedication to its customers and employees has earned it a reputation as a trusted and reliable financial institution.
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Fifth Third Bank Executives
The leadership team at Fifth Third Bank is a diverse group, with 33% of the executive team being female and 67% being male.
The management team is predominantly White, making up 69% of the group.
13% of the management team is Hispanic or Latino, and 11% is Black or African American.
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Melissa Stevens is the President and CEO of Fifth Third Bank, with a background in consumer innovation and digital transformation.
Richard Stein is the Chief Credit Officer, with over 20 years of experience in the banking industry.
Bob Shaffer is the Chief Risk Officer, with a background in auditing and human resources.
Kala Gibson is the EVP and Chief Financial Officer, with a focus on enterprise corporate responsibility and business banking.
Frequently Asked Questions
Who is Timothy Spence?
Timothy Spence is the chairman, CEO, and president of Fifth Third Bancorp, overseeing the bank's strategic priorities of stability, profitability, and growth. He leads the company's businesses with a focus on long-term success.
How to file a complaint against Fifth Third Bank?
To file a complaint against Fifth Third Bank, contact their Customer Service at 800-972-3030 or visit their website for more information on the complaint process. You can also reach out to their Fraud Support at 513-900-3080 for assistance with disputed transactions.
Sources
- https://www.americanbanker.com/news/fifth-third-ceo-tim-spence-adds-chairman-title
- https://www.marketscreener.com/quote/stock/FIFTH-THIRD-BANCORP-40311116/news/Fifth-Third-CEO-on-the-Bank-s-Q3-Results-48111287/
- https://www.forbes.com/sites/peterhigh/2017/10/23/how-fifth-thirds-greg-carmichael-went-from-cio-to-ceo/
- https://www.zippia.com/fifth-third-bank-careers-4308/executives/
- https://www.14news.com/story/5952329/fifth-third-bancorp-names-new-ceo/
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