Citizens Financial Group Management

Management criteria checks 3/4

Citizens Financial Group's CEO is Bruce Van Saun, appointed in Oct 2013, has a tenure of 10.92 years. total yearly compensation is $11.08M, comprised of 13.4% salary and 86.6% bonuses, including company stock and options. directly owns 0.26% of the company’s shares, worth $46.84M. The average tenure of the management team and the board of directors is 6.6 years and 5.6 years respectively.

Key information

Bruce Van Saun

Chief executive officer

US$11.1m

Total compensation

CEO salary percentage	13.4%
CEO tenure	10.9yrs
CEO ownership	0.3%
Management average tenure	6.6yrs
Board average tenure	5.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bruce Van Saun's remuneration changed compared to Citizens Financial Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	US$1b
Mar 31 2024	n/a	n/a	US$1b
Dec 31 2023	US$11m	US$1m	US$1b
Sep 30 2023	n/a	n/a	US$2b
Jun 30 2023	n/a	n/a	US$2b
Mar 31 2023	n/a	n/a	US$2b
Dec 31 2022	US$12m	US$1m	US$2b
Sep 30 2022	n/a	n/a	US$2b
Jun 30 2022	n/a	n/a	US$2b
Mar 31 2022	n/a	n/a	US$2b
Dec 31 2021	US$12m	US$1m	US$2b
Sep 30 2021	n/a	n/a	US$2b
Jun 30 2021	n/a	n/a	US$2b
Mar 31 2021	n/a	n/a	US$2b
Dec 31 2020	US$14m	US$1m	US$950m
Sep 30 2020	n/a	n/a	US$953m
Jun 30 2020	n/a	n/a	US$1b
Mar 31 2020	n/a	n/a	US$1b
Dec 31 2019	US$10m	US$1m	US$2b
Sep 30 2019	n/a	n/a	US$2b
Jun 30 2019	n/a	n/a	US$2b
Mar 31 2019	n/a	n/a	US$2b
Dec 31 2018	US$9m	US$1m	US$2b
Sep 30 2018	n/a	n/a	US$2b
Jun 30 2018	n/a	n/a	US$2b
Mar 31 2018	n/a	n/a	US$2b
Dec 31 2017	US$9m	US$1m	US$2b

Compensation vs Market: Bruce's total compensation ($USD11.08M) is above average for companies of similar size in the UK market ($USD5.72M).

Compensation vs Earnings: Bruce's compensation has been consistent with company performance over the past year.

CEO

Bruce Van Saun (67 yo)

10.9yrs

Tenure

US$11,075,271

Compensation

Mr. Bruce Winfield Van Saun has been an Independent Director of Moody's Corporation (formerly known as Dun & Bradstreet Corp.) since March 1, 2016. He has been the Chairman and Chief Executive Officer of C...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Bruce Van Saun	CEO & Chairman of the Board	10.9yrs	US$11.08m	0.26% $ 46.8m
John Woods	Vice Chairman	7.5yrs	US$4.51m	0.072% $ 13.2m
Donald McCree	Senior Vice Chairman & Head of Commercial Banking Division	9.1yrs	US$4.48m	0.061% $ 11.1m
Brendan Coughlin	Executive VP	no data	US$3.47m	0.052% $ 9.5m
Theodore Swimmer	Head of Corporate Finance & Capital Markets	no data	no data	no data
Michael Ruttledge	Executive VP	5.7yrs	no data	0.026% $ 4.8m
Kristin Silberberg	Head of Investor Relations	4.3yrs	no data	no data
Polly Klane	Executive VP	2.4yrs	no data	0.0073% $ 1.3m
Susan LaMonica	Executive VP & Chief Human Resources Officer	13.7yrs	US$2.67m	0.039% $ 7.2m
Thomas Metzger	Head of Citizens Private Wealth Manager	less than a year	no data	no data
Elizabeth Johnson	Executive VP	no data	no data	0.038% $ 6.9m
Sal J. Liberti	Senior Vice President of Benefits	no data	no data	no data

6.6yrs

Average Tenure

60yo

Average Age

Experienced Management: 0HYP's management team is seasoned and experienced (6.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Bruce Van Saun	CEO & Chairman of the Board	10.9yrs	US$11.08m	0.26% $ 46.8m
Edward Kelly	Lead Independent Director	5.6yrs	US$319.92k	0% $ 0
William Hankowsky	Independent Director	17.8yrs	US$299.32k	0.0068% $ 1.2m
Christopher Swift	Independent Director	3.6yrs	US$274.37k	0% $ 0
Marita Zuraitis	Independent Director	13.3yrs	US$299.32k	0.0017% $ 306.5k
Kevin Cummings	Independent Director	2.4yrs	US$270.18k	0.11% $ 20.8m
Robert Leary	Independent Director	4.4yrs	US$290.99k	0% $ 0
Michele Siekerka	Independent Director	2.4yrs	US$270.18k	0.011% $ 2.1m
Wendy Watson	Independent Director	13.9yrs	US$349.32k	0.0012% $ 223.9k
Christine Cumming	Independent Director	8.9yrs	US$342.65k	0.00053% $ 97.3k
Terrance Lillis	Independent Director	5.6yrs	US$306.58k	0.00088% $ 161.5k
Lee Alexander	Independent Director	3.6yrs	US$289.37k	0% $ 0

5.6yrs

Average Tenure

68yo

Average Age

Experienced Board: 0HYP's board of directors are considered experienced (5.6 years average tenure).

Citizens Financial Group Management

Management criteria checks 3/4

Key information

Recent management updates

Citizens Financial Group, Inc. Announces Board Changes

Citizens Financial Group Appoints Don McCree as Senior Vice Chair

Citizens Financial Group, Inc. Announces Executive Changes

Citizens Financial Group, Inc. Appoints Jim Weiss as Florida Market President

Citizens Financial Group, Inc Appoints Paul Casey as Head of Wealth Management, Effective July 9, 2024

Citizens Financial Group, Inc., Annual General Meeting, Apr 25, 2024

Recent updates

Citizens Financial Group, Inc. Announces Board Changes

Second quarter 2024 earnings released: EPS: US$0.79 (vs US$0.93 in 2Q 2023)

First quarter dividend of US$0.42 announced

Citizens Financial Group, Inc. Declares Quarterly Common Stock Dividend, Payable on August 14, 2024

Citizens Financial Group Appoints Don McCree as Senior Vice Chair

Citizens Financial Group, Inc. Announces Executive Changes

Citizens Financial Group, Inc. to Report Q3, 2025 Results on Oct 15, 2025

Citizens Financial Group, Inc. Appoints Jim Weiss as Florida Market President

First quarter dividend of US$0.42 announced

New minor risk - Profit margin trend

First quarter 2024 earnings released: EPS: US$0.66 (vs US$1.01 in 1Q 2023)

Citizens Financial Group, Inc Appoints Paul Casey as Head of Wealth Management, Effective July 9, 2024

Citizens Financial Group, Inc., Annual General Meeting, Apr 25, 2024

Citizens Financial Group Appoints Brendan Goode as Chief Security Officer, Effective from April 29, 2024

Citizens Financial Group, Inc. Announces Executive Appointments

Upcoming dividend of US$0.42 per share at 5.1% yield

Full year 2023 earnings released: EPS: US$3.14 (vs US$4.12 in FY 2022)

Third quarter dividend of US$0.42 announced

Upcoming dividend of US$0.42 per share at 7.1% yield

Third quarter 2023 earnings released: EPS: US$0.85 (vs US$1.23 in 3Q 2022)

Citizens Financial Group, Inc. Declares Quarterly Common Stock Dividend, Payable on November 15, 2023

Citizens Financial Group, Inc. Appoints Susan deTray as Head of Citizens Private Bank

Upcoming dividend of US$0.42 per share at 5.2% yield

Citizens Financial Group, Inc. Declares Quarterly Common Stock Dividend, Payable on August 16, 2023

Second quarter 2023 earnings released: EPS: US$0.99 (vs US$0.68 in 2Q 2022)

Citizens Financial Group, Inc. Announces Appointment of Taira Hall as Head of Enterprise Payments

Citizens Financial Group, Inc. Introduces the Citizens Private Client World Elite Mastercard, the First Launch with Its Exclusive Payments Partner, Mastercard

Citizens Financial Group, Inc. Appoints Brendan Coughlin and Beth Johnson as Vice Chairmen

Citizens Financial Group, Inc. Appoints Brendan Coughlin and Beth Johnson as Vice Chairmen

Investor sentiment deteriorates as stock falls 17%

Independent Lead Director recently bought US$95k worth of stock

Upcoming dividend of US$0.42 per share at 5.9% yield

First quarter 2023 earnings released: EPS: US$0.99 (vs US$0.94 in 1Q 2022)

Investor sentiment deteriorates as stock falls 23%

Full year 2022 earnings released: EPS: US$4.12 (vs US$5.18 in FY 2021)

Citizens Financial Group, Inc. to Report Q1, 2024 Results on Apr 17, 2024

Upcoming dividend of US$0.42 per share

Full year 2022 earnings released: EPS: US$4.18 (vs US$5.18 in FY 2021)

Upcoming dividend of US$0.42 per share

Third quarter 2022 earnings released: EPS: US$1.23 (vs US$1.18 in 3Q 2021)

Citizens Financial Group, Inc. Reports Net Charge-Offs for the Third Quarter Ended September 30, 2022

Citizens Financial Group, Inc. Declares A Quarterly Common Stock Dividend, Payable on November 16, 2022

Citizens Launches Carbon Offset Deposit Accounts for Corporate Clients

Citizens Financial Group, Inc. Unlocks Wide-Ranging Customer Benefits with Launch of CitizensPlus and Enhanced Private Bank

Citizens Financial Group, Inc. (NYSE:CFG) entered into a definitive agreement to acquire College Raptor, Inc.

Second quarter 2022 earnings released: EPS: US$0.79 (vs US$1.45 in 2Q 2021)

Upcoming dividend of US$0.42 per share

Citizens Financial Group, Inc. Declares Quarterly Common Stock Dividend, Payable on August 16, 2022

Citizens Financial Group, Inc. (NYSE:CFG) entered into a definitive agreement to acquire Select Assets and Liabilities of Paladin Advisors, LLC.

First quarter 2022 earnings released: EPS: US$0.94 (vs US$1.38 in 1Q 2021)

John Carter to Join Citizens Bank's Board

Upcoming dividend of US$0.39 per share

First quarter 2022 earnings released: EPS: US$0.94 (vs US$1.38 in 1Q 2021)

Citizens Financial Group, Inc. Declares Common Stock Dividend for Second Quarter of 2022, Payable May 17, 2022

Citizens Financial Group, Inc. (NYSE:CFG) completed the acquisition of Investors Bancorp, Inc. (NasdaqGS:ISBC).

Citizens Financial Group, Inc. Names Ben Vinzant as Chief Data and Analytics Officer

Citizens Program Enables Corporate Clients to Offer Employees Early Access to Earned Wages

Citizens Financial Group, Inc. Appoints Polly N. Klane as Chief Legal Officer, effective April 4, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Citizens Financial Group Provides NII Guidance for 2022

Citizens Financial Group, Inc. Provides Net Charge-Offs Guidance for the Year 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Third quarter 2021 earnings released: EPS US$1.18 (vs US$0.68 in 3Q 2020)

Citizens Financial Group, Inc. (NYSE:CFG) entered into a definitive merger agreement to acquire JMP Group LLC (NYSE:JMP) from its executive management and members of JMP’s Board of Directors and others for approximately $150 million.

Citizens Financial Group, Inc. (NYSE:CFG) entered into a definitive agreement to acquire Willamette Management Associates.

Citizens Launches Green Deposits for Corporate Clients

Second quarter 2021 earnings released: EPS US$1.52 (vs US$0.53 in 2Q 2020)

First quarter 2021 earnings released: EPS US$1.38 (vs US$0.028 in 1Q 2020)

Independent Director has left the company