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AI brief of an SEC Form 8-K · Citizens Financial (CFG)

Citizens names Aunoy Banerjee of Barclays as CFO; John Woods departs August 15

Neutral Impact 4 of 5 leadership Written later

Citizens Financial Group named Aunoy Banerjee, currently CFO of Barclays Bank PLC, as its Executive Vice President and Chief Financial Officer, effective when he joins on October 24, 2025. Current CFO John Woods leaves on August 15, 2025, and Chris Emerson will serve as interim CFO until Banerjee starts, so the bank's finance leadership changes in the coming months.

Key points

  • Banerjee joins Citizens on October 24, 2025; Chris Emerson serves as interim CFO after John Woods departs on August 15, 2025.
  • Employment agreement sets a $700,000 annual base salary and guaranteed 2025 incentive compensation of $3,700,000, reduced by role-based allowance from his former employer.
  • A buy-out award with a grant value of approximately $5,000,000 compensates him for forfeited Barclays awards, paid in cash and restricted stock units vesting over four years.

The filing

CompanyCitizens Financial (CFG)
Form8-K, current report
Filed with the SECAug 12, 2025, 8:20 AM ET
Accession number0001193125-25-178517

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 12, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.