UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On April 30, 2025, Citizens Financial Group, Inc. (the “Company”) announced that Brendan Coughlin, currently Vice Chair and Head of Consumer, Private Banking and Wealth, has been promoted to President, reporting to Bruce Van Saun, Chairman and Chief Executive Officer. As President, Mr. Coughlin will continue to oversee Consumer Banking, Citizens Private Bank, and Wealth, in addition to a recently broadened scope which includes Enterprise Data & Analytics and Marketing.
Citizens also announced that John F. Woods, Vice Chair and Chief Financial Officer, notified the Company on April 24, 2025 of his decision to depart from the Company to accept another opportunity. Mr. Wood’s decision is due to personal reasons and is not a result of any disagreement with the Company on any matter relating to finances, accounting, operations, policies or practices. Mr. Woods is expected to leave the Company in August 2025. The Company will initiate a formal internal and external search and Mr. Woods will continue to work with the Company’s strong finance team to ensure a smooth transition.
A copy of Citizens’ press release announcing Mr. Coughlin’s promotion and Mr. Wood’s departure is attached to this report as Exhibit 99.1 and is incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit |
Description | |
| 99.1 | Press Release of Citizens Financial Group, Inc., dated April 30, 2025. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Citizens Financial Group, Inc. (Registrant) | ||||||
| Date: April 30, 2025 | By: | /s/ Bruce Van Saun | ||||
| Name: | Bruce Van Saun | |||||
| Title: | Chairman and Chief Executive Officer | |||||