Fintech
John J. Fawcett appointed to the board of directors of Bread Financial
Pane Financial Holdings, Inc. (NYSE: BFH) today announced that John J. Fawcett, an experienced financial services executive, has joined the board of directors of Bread Financial as an independent director. Fawcett was elected at the Company’s Annual Meeting of Stockholders, held on Tuesday, May 14, along with nominees Ralph J. Andretta, Roger H. Ballou, John C. Gerspach, Jr., Rajesh Natarajan, Joyce St. Clair, Timothy J. Theriault, Laurie A. Tucker and Sharen J. Turney, each of whom served as Bread’s chief financial officer during their 2023-2024 terms. In connection with his appointment, Fawcett will also be a member of the board’s audit and nominating and corporate governance committees.
Fawcett most recently served as Executive Vice President and Chief Financial Officer of CIT Group, Inc. from April 2017 until its acquisition by First Citizens BancShares in January 2022.
“As part of our ongoing board refresh, we are pleased to welcome John Fawcett to our Board of Directors,” said Ralph Andretta, president and CEO of Bread Financial. “Mr Fawcett brings with him over 40 years of banking and financial services experience in all aspects of finance, particularly accounting, international operations and commercial operations, and we know that his vast experience will go to the benefit of our company and the Board’s overall skill mix.”
After a 20-year career at Citigroup Inc. (1987-2007), which included roles as chief financial officer of the company’s global transaction services and trading markets divisions, Fawcett held several senior and executive leadership roles with increasing responsibilities in both areas . domestic and international financial institutions, including Executive Vice President and Chief Financial Officer of Royal Bank of Scotland (RBS) Americas and Citizens Financial Group (CFG) from January 2008 to April 2015, where he helped lead CFG’s initial public offering (September 2014) ) and the separation from RBS. From 1980 to 1987 he was Senior Audit Manager at KPMG where he specialized in audit assignments of banking and financial services. Fawcett was a member of the board of directors of Rabobank (Utrecht-Americas Holding Company), a Dutch multinational banking and financial services company, from 2016 to 2017, where he served as chair of the audit committee.
Mr. Fawcett holds a bachelor’s degree in accounting and an MBA from St. John’s University.
Following Fawcett’s appointment, Bread Financial’s board now consists of nine directors.