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 10.58 years. total yearly compensation is $11.08M, comprised of 13.4% salary and 86.6% bonuses, including company stock and options. directly owns 0.25% of the company’s shares, worth MX$697.68M. The average tenure of the management team and the board of directors is 5.8 years and 5.3 years respectively.

Key information

Bruce Van Saun

Chief executive officer

US$11.1m

Total compensation

CEO salary percentage	13.4%
CEO tenure	10.6yrs
CEO ownership	0.3%
Management average tenure	5.8yrs
Board average tenure	5.3yrs

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
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 ($USD11.08M) is above average for companies of similar size in the MX market ($USD5.93M).

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

CEO

Bruce Van Saun (66 yo)

10.6yrs

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	10.6yrs	US$11.08m	0.25% $ 697.7m
John Woods	Vice Chairman & CFO	7.2yrs	US$4.51m	0.055% $ 152.5m
Donald McCree	Vice Chairman & Head of Commercial Banking Division	8.8yrs	US$4.48m	0.060% $ 165.7m
Brendan Coughlin	Executive VP	no data	US$3.47m	0.026% $ 71.5m
Craig Read	Executive VP	5.8yrs	no data	0.0082% $ 22.7m
Theodore Swimmer	Head of Corporate Finance & Capital Markets	no data	no data	no data
Michael Ruttledge	Executive VP	5.3yrs	no data	0.013% $ 36.6m
Kristin Silberberg	Head of Investor Relations	4yrs	no data	no data
Polly Klane	Executive VP	2.1yrs	no data	0.0072% $ 19.9m
Susan LaMonica	Executive VP & Chief Human Resources Officer	13.3yrs	US$2.67m	0.039% $ 107.6m
Thomas Metzger	Head of Citizens Private Wealth Manager	less than a year	no data	no data
Elizabeth Johnson	Executive VP	no data	no data	0.028% $ 76.6m

5.8yrs

Average Tenure

59yo

Average Age

Experienced Management: CFG *'s management team is seasoned and experienced (5.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Bruce Van Saun	CEO & Chairman of the Board	10.6yrs	US$11.08m	0.25% $ 697.7m
Edward Kelly	Lead Independent Director	5.3yrs	US$319.92k	0% $ 0
William Hankowsky	Independent Director	17.5yrs	US$299.32k	0.0067% $ 18.5m
Christopher Swift	Independent Director	3.3yrs	US$274.37k	0% $ 0
Marita Zuraitis	Independent Director	13yrs	US$299.32k	0.0016% $ 4.6m
Kevin Cummings	Independent Director	2.1yrs	US$270.18k	0.11% $ 310.5m
Robert Leary	Independent Director	4.1yrs	US$290.99k	0% $ 0
Michele Siekerka	Independent Director	2.1yrs	US$270.18k	0.011% $ 31.0m
Wendy Watson	Independent Director	13.6yrs	US$349.32k	0.0012% $ 3.3m
Christine Cumming	Independent Director	8.6yrs	US$342.65k	0.00053% $ 1.5m
Terrance Lillis	Independent Director	5.3yrs	US$306.58k	0.00087% $ 2.4m
Lee Alexander	Independent Director	3.3yrs	US$289.37k	0% $ 0

5.3yrs

Average Tenure

67yo

Average Age

Experienced Board: CFG *'s board of directors are considered experienced (5.3 years average tenure).

Citizens Financial Group Management

Management criteria checks 3/4

Key information

Recent management updates

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

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

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

Recent updates

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

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

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

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

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

Upcoming dividend of US$0.42 per share at 4.0% yield

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.

Upcoming dividend of US$0.42 per share

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

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.

John Carter to Join Citizens Bank's Board

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

Investor sentiment deteriorated over the past week

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

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

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

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

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.

Second quarter 2021 earnings released: EPS US$1.45 (vs US$0.53 in 2Q 2020)

Citizens Launches Green Deposits for Corporate Clients

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

Independent Director has left the company

Upcoming dividend of US$0.39 per share

Citizens Financial Group, Inc. Reports Net Charge Offs for the First Quarter of 2021

First quarter 2021 earnings released: EPS US$1.43 (vs US$0.028 in 1Q 2020)

Citizens Financial Group, Inc., Annual General Meeting, Apr 22, 2021

Citizens Announces Consumer Financing Partnership With BJ’s Wholesale Club

Full year 2020 earnings released: EPS US$2.48

Investor sentiment improved over the past week

Citizens Financial Group, Inc. Appoints Radha Suvarna as Head of Enterprise Payments Innovation and Strategy, Effective February 4, 2021

Citizens Financial Group, Inc. Announces Board Changes, Effective February 1, 2021

Citizens Financial Group, Inc. Announces Board Changes

Market bids up stock over the past week

Citizens Financial Group, Inc. Appoints Donald Felix as Leader for Consumer Bank National Expansion

Third quarter 2020 earnings released: EPS US$0.68

Revenue beats expectations

Citizens Financial Group, Inc. Announces Management Changes

Upcoming Dividend of US$0.39 Per Share

Third-quarter earnings released: Revenue beats expectations

Third quarter earnings released

Citizens Financial Group, Inc. Renews Partnership with Feeding America® to Combat Hunger

Citizens Financial Group, Inc. to Report Q1, 2021 Results on Apr 16, 2021

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age