Citizens Financial Group this week appointed Eric Aboaf to the post of executive vice president and chief financial officer (CFO).

Aboaf, a veteran Citigroup banker, will succeed the company’s current CFO John Fawcett, who retires on April 30 from the position he’s held since 2007. Aboaf officially joins Citizens on April 6.

"It has been a pleasure to work with John, particularly over the past 18 months since my arrival at Citizens," Citizens’ Chairman and CEO Bruce Van Saun said in a statement. "John has played a key role in many of our achievements over this period, including the enhancement of our reporting to public company standards, operational separation from RBS, the sale of our Chicago region and of course the successful IPO. He will be missed, and we wish him all the best in his life’s next chapter."

"I am proud to have been a part of the Citizens team and to have played a role in its transformation. Now feels like a good time to take a step back, recharge my batteries, take some time with my family and consider what I’d like to do next. I had the pleasure of working with Eric at Citi and know he will do a great job of helping Bruce and the rest of the management team navigate the next leg of the Citizens journey," Fawcett said.

Aboaf most recently held the position of Global Treasurer at Citigroup. Prior to that, he was CFO of both Citigroup’s North American Consumer Group and its Institutional Client Group. He also previously held the role of partner and co-head of the U.S. Financial Services Practice at Bain & Co.

Aboaf is a graduate of both the Wharton School of Business and the Engineering School at the University of Pennsylvania. He holds a master’s of science degree from Massachusetts Institute of Technology.

As CFO, Aboaf will have responsibility for the business line finance groups and for the company’s financial planning and analysis, controller, investor relations, strategy, treasury, tax and capital management functions.