Eric S. Rosengren is the CEO of Berkshire Hills Bancorp, Inc., a role he stepped into in April 2023 after being appointed to the board. He previously served as the President and CEO of the Federal Reserve Bank of Boston...
Eric S. Rosengren is the CEO of Berkshire Hills Bancorp, Inc., a role he stepped into in April 2023 after being appointed to the board. He previously served as the President and CEO of the Federal Reserve Bank of Boston for 14 years, which gives him a solid background in finance and risk management. Eric has a Ph.D. and master’s degree from the University of Wisconsin and a bachelor’s from Colby College, where he is also a board member. This background delivers depth and experience in financial policy and economic insights to his current role. Interestingly, he did not receive a bonus for 2023 because performance targets were not fully met, but his total compensation still reached over $2.6 million, including a salary of $835,000 and vested stock worth $905,934. His focus on performance metrics aligns executive pay with shareholder interests. His appointment highlights a transition focus towards governance and strategic planning, as he's now involved in key committees like Audit and Risk Management. Eric is also a Visiting Scholar at the MIT Golub Center for Finance and Policy, blending academia with practical finance experience.