Howard (Hoddy) Hanna to Retire from Board in April 2021
Citizens Financial Group, Inc. (NYSE: CFG) today announced the appointment of Christopher (Chris) J. Swift and Lee Alexander to its board of directors, effective February 1, 2021. Mr. Swift currently serves as Chairman and Chief Executive Officer of The Hartford Financial Services Group, a national leader in property and casualty insurance, group benefits and mutual funds, founded in 1810. Mr. Alexander is the Executive Vice President and Chief Information Officer for The Clearing House, operator of core payments system infrastructure in the United States, including a real-time payment system. Mr. Swift will serve on the board’s Risk Committee, and Mr. Alexander will serve on the board’s Audit Committee.
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“We are pleased to welcome both Chris and Lee to our board of directors,” said Chairman and Chief Executive Officer Bruce Van Saun. “Chris is a standout CEO in the financial services industry, with significant experience in transformation and positioning a venerable company for the future. Lee brings tremendous insights into new technologies, cybersecurity, data analytics and payments gleaned from his experience at The Clearing House and the Federal Reserve Bank of New York. We are fortunate to attract such talented directors as we continue our journey to drive shareholder value and become a top performing bank.”
Citizens also announced that Howard (Hoddy) Hanna, who has served on the Citizens Board since 2009, will retire from the board after his current term expires at the end of April 2021, given mandatory age considerations under the bank’s corporate governance guidelines. Hanna has served as a member of the board’s Audit Committee and Nominating & Corporate Governance Committee. Hanna is Chair of Hanna Holdings, the third largest real estate company in the U.S., as well as Chair of the Children’s Hospital of Pittsburgh.
The Board will increase in size to 14 directors on February 1, 2021, before dropping back to 13 directors in April at the Annual Shareholder’s Meeting.
Van Saun continued, “I would like to thank Hoddy for the fine contribution he’s made to Citizens over the years. We’ve all very much enjoyed working with him and wish him well in life’s next chapter.”
