News
John J. Fawcett Appointed to Bread Financial Board of Directors
Bread Financial Holdings, Inc. (NYSE: BFH) today announced that John J. Fawcett, an experienced financial services executive, has joined the board 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. Theriault, Laurie A. Tucker and Sharen J. Turney, each of whom served as Bread’s chief financial officers during the 2023-2024 term. In connection with his appointment, Mr. Fawcett will also serve as 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 refresher, we are pleased to welcome John Fawcett to our Board of Directors,” said Ralph Andretta, president and CEO of Bread Financial. “Mr. Fawcett brings more than 40 years of executive banking and financial services experience in all aspects of finance, particularly with regard to accounting, international operations and commercial operations, and we know that his vast experience will benefit our company and the whole general knowledge of the Council.”
Following a 20-year career at Citigroup Inc. (1987-2007), which included roles as chief financial officer of the Global Transaction Services and Commercial Markets business divisions, Mr. Fawcett held a number of senior and executive leadership roles, with responsibility rising in both national 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 the initial public offering of the CFG (September 2014). ) and separation from RBS. From 1980 to 1987 he was senior audit manager at KPMG, where he specialized in banking and financial services audit work. Fawcett served as 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 chairman of the audit committee.
Mr. Fawcett holds a bachelor’s degree in accounting and an MBA from St. John’s University.
Following Mr. Fawcett’s appointment, Bread Financial’s board now consists of nine directors.