Investing

Citi’s Michael Corbat to retire, Jane Fraser to become first woman CEO of a US megabank

0


Citigroup CEO Michael Corbat said Thursday he is retiring in February after eight years leading the bank, and that retail banking chief Jane Fraser will succeed him, making her the first female CEO of a major U.S. bank. 

The move by Corbat, 60, finalizes a management overhaul that had been underway at the third-largest U.S. bank by assets. Last year, Jamie Forese, Citigroup’s then-president, announced he was stepping down after three decades at the bank, which followed the departures of the bank’s longtime chief financial officer and a pair of regional heads.

During his tenure, Corbat helped to improve a global financial institution that was still hobbling after the 2008 financial…



Source cnbc.com

IEA calls for ‘dramatic’ scale up of clean energy to hit climate goals

Previous article

how to invest in real estate

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Investing