PROVIDENCE, R.I. - Citizens Financial Group, Inc. (NYSE: NYSE:CFG) has announced the appointment of Tracy A. Atkinson to its Board of Directors, effective March 1, 2024. Atkinson will join the Board's Audit Committee, increasing the number of directors to 14 temporarily.
Atkinson's background includes a tenure as executive vice president at State Street Corporation (NYSE:STT), where she held key roles in finance and risk management. Her experience encompasses positions such as chief administrative officer, chief compliance officer, head of operational risk, and treasurer.
Bruce Van Saun, Chairman and Chief Executive Officer of Citizens, highlighted Atkinson's "deep financial expertise" and her extensive experience in enterprise risk management and governance. He also noted her adeptness at navigating regulatory changes throughout her over 30-year career in financial services.
In addition to Atkinson's appointment, Citizens revealed that Edward J. (Ned) Kelly III is slated to become the lead independent director, pending his reelection. He will succeed Shivan Subramaniam, who is set to retire after the annual shareholders' meeting in April 2024 due to reaching the mandatory retirement age outlined in the company's Corporate Governance Guidelines.
Subramaniam has been a part of the Citizens Board since 2005 and is currently the chair of the Nominating and Corporate Governance Committee and a member of the Compensation and Human Resources Committee. Kelly, who has been on the Board since 2019, chairs the Compensation and Human Resources Committee and is a member of the Nominating and Corporate Governance Committee.
Van Saun expressed his anticipation for Kelly's contributions in the new role and gratitude for Subramaniam's "strong counsel and invaluable service."
Atkinson's career began at PricewaterhouseCoopers, and she has served on the boards of several prominent organizations, including RTX Corporation, US Steel, and Affiliated Managers Group (NYSE:AMG). She is recognized as a leader in her field, having been named to WomenInc Magazine's List of Most Influential Corporate Directors in 2018 and 2023.
Citizens Financial Group, with assets totaling $222.0B as of December 31, 2023, provides banking products and services to individuals, small businesses, and corporations. This information is based on a press release statement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.