October 21, 2016 9:59 PM ET


Company Overview of Citizens Financial Group, Inc.

Company Overview

Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, N.A. and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. It operates through two segments, Consumer Banking and Commercial Banking. The Consumer Banking segment focuses on retail customers and small businesses with traditional banking products and services, including checking, savings, home loans, student loans, credit cards, business loans, and financial management services. This segment also provides indirect auto finance for new and used vehicles through auto dealerships. The Commercial Banking segment provides various financial produc...

One Citizens Plaza

Providence, RI 02903

United States

Founded in 1828

17,800 Employees



Key Executives for Citizens Financial Group, Inc.

Chairman, Chief Executive Officer and Chairman of Executive Committee
Age: 58
Total Annual Compensation: $1.5M
Chief Financial Officer and Executive Vice President
Age: 52
Total Annual Compensation: $1.0M
Vice Chairman of Consumer Banking, Vice Chairman of Citizens Bank and Head of Consumer Banking for Citizens Bank
Age: 54
Total Annual Compensation: $700.0K
Chief Legal Officer, Executive Vice President and General Counsel
Age: 63
Total Annual Compensation: $600.0K
Compensation as of Fiscal Year 2015.

Citizens Financial Group, Inc. Key Developments

Citizens Financial Group, Inc. Announces Management Changes

Citizens Financial Group, Inc. announced that Eric W. Aboaf, Executive Vice President and Chief Financial Officer, tendered his resignation on September 22, 2016 to pursue other opportunities. Pursuant to the terms of his employment agreement, the resignation will be effective December 16, 2016. The company also announced that John J. Fawcett has been appointed, subject to regulatory approval, as interim Chief Financial Officer effective December 17, 2016. It is expected that Fawcett will serve in that role until Aboaf's replacement is found.

Citizens Financial Group Announces Executive Changes, Effective October 17, 2016

Citizens Financial Group, Inc. has announced the promotion of Deputy Chief Compliance Officer and Chief Privacy Officer, Scott Essex to Chief Compliance Officer, effective October 17, 2016. He will succeed Bob Nelson, who is retiring effective October 31, 2016. Essex will report to Chief Risk Officer Malcolm Griggs. Nelson joined Citizens in 2010 as Chief Administrative Officer and Head of Strategy after 23 years at Citigroup. Essex joined Citizens in 2014 as Deputy Chief Compliance Officer and Chief Privacy Officer from TD Bank, where he was Head of Global Compliance for Shared Services and Technology. Previously, he held compliance, risk management and operational leadership roles at major financial institutions.

Citizens Financial Group, Inc. Declares Semi-Annual Dividend on Preferred Stock, Payable on October 6, 2016

Citizens Financial Group, Inc. announced that its board of directors declared a semi-annual dividend on 5.500% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series A. A dividend of $27.50 per share is payable on October 6, 2016 to shareholders of record at the close of business on September 21, 2016.

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