---
schema_version: "secwatch.filing_event.v1"
accession: "0000759944-23-000054"
form_type: "8-K"
ticker: "CFG"
cik: "0000759944"
company_name: "CITIZENS FINANCIAL GROUP INC/RI"
filed_at: "2023-04-12T23:59:59+00:00"
generated_at: "2026-06-17T03:23:59.905747+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Citizens Financial Group names Richard Stein as CRO to succeed Malcolm Griggs retiring in Q1 2024

## Summary
- Richard Stein will become Chief Risk Officer upon Malcolm Griggs' retirement in Q1 2024.
- Stein joins from Fifth Third Bancorp, where he was EVP and Chief Credit Officer.
- Griggs, 34-year banking veteran, has been with Citizens since 2014 and CRO since 2016.
- Stein will report to CEO Bruce Van Saun and serve on the Executive Committee.
- Transition designed to strengthen risk management capabilities with continuity.

## SEC filing metadata
- accession: 0000759944-23-000054
- form_type: 8-K
- ticker: CFG
- cik: 0000759944
- company_name: CITIZENS FINANCIAL GROUP INC/RI
- filed_at: 2023-04-12T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/759944/000075994423000054/0000759944-23-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/759944/000075994423000054/cfg-20230412.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000759944-23-000054
- JSON: https://secwatch.observer/filing/0000759944-23-000054.json
- Plain text: https://secwatch.observer/filing/0000759944-23-000054.txt

## Key facts
- Executive change
  Malcolm Griggs departed as Chief Risk Officer at CITIZENS FINANCIAL GROUP INC/RI.
  - Action: retirement
  - Role: Chief Risk Officer
  source text: the retirement of Malcolm Griggs
  evidence_url: https://www.sec.gov/Archives/edgar/data/759944/000075994423000054/0000759944-23-000054-index.htm
- Executive change
  Richard Stein was appointed as Chief Risk Officer at CITIZENS FINANCIAL GROUP INC/RI.
  - Action: will assume
  - Role: Chief Risk Officer
  source text: Richard Stein will assume the role of Chief Risk Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/759944/000075994423000054/0000759944-23-000054-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.