Citizens Financial Group, Inc. (NYSE: CFG) shares fell a bit Friday, on word of the appointment of Claude E. Wade to the company’s Board of Directors, effective March 1, 2025. Wade’s appointment will temporarily expand the Citizens Board to 14 directors. He will serve on the Board’s Risk Committee.
Wade, who has over 30 years of operational, strategy and innovation roles, primarily with Fortune 100 companies, serves as executive vice president, Chief Digital Officer and Global Head of Business Operations and Global Head of Claims at AIG, overseeing its business operations, claims, data, innovation and digital teams. Prior to joining AIG in 2021, he served as BlackRock’s Global Head of Client Experience and Head of the Atlanta Innovation Hub where he was responsible for reshaping the global distribution ecosystem and improving the digital experience for BlackRock clients, revenue retention and efficiency improvements.
“We are pleased to welcome Claude to our board of directors,” said CEO Bruce Van Saun. “He has a proven track record of embracing new technologies and delivering innovative solutions to customers. He brings broad expertise and valuable insights to the Board given his 30-plus year career in financial services with major financial institutions.”
CFG shares lost 45 cents, or 1.1%, to $41.76.