The company said its board of directors appointed Claude E. Wade to the board on September 19, 2024, effective March 1, 2025. The appointment will temporarily expand the board to 14 directors. He will serve on the Risk Committee.

1. 01

   The company said its board of directors appointed Claude E. Wade to the board on September 19, 2024, effective March 1, 2025. The appointment will temporarily expand the board to 14 directors. He will serve on the Risk Committee.

2. 02

   Citizens Financial Group said Wade has more than 30 years of operational, strategy and innovation experience. He currently serves as executive vice president, Chief Digital Officer and Global Head of Business Operations and Global Head of Claims at AIG. Before joining AIG in 2021, he was BlackRock's Global Head of Client Experience.

3. 03

   The company said Wendy Watson, who has served on the board since 2010, will retire after her current term expires at the annual meeting of shareholders in April 2025. She serves as chair of the Audit Committee. The company said she has reached the mandatory retirement age under its Corporate Governance Guidelines.

4. 04

   The company said Wade will receive compensation under the Non-Employee Directors Compensation Policy. It also said there are no arrangements or understandings with any other person under which Wade was appointed, and no transactions requiring disclosure under Item 404(a) of Regulation S-K.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.