change of Citi CEO

FOR IMMEDIATE RELEASE Citigroup Inc. (NYSE: C) October 16, 2012 Vikram Pandit Steps Down as CEO of Citigroup                                       Pandit at the World Economic Forum in 2011. Board of Directors Elects Michael Corbat as CEO                        Board praised Vikram Pandit's "leadership, integrity and resilience in guiding Citi through the crisis and positioning it well for the future." Mike Corbat has "demonstrated outstanding leadership qualities. [and] brings deep and varied operating experience across a broad spectrum of the financial services industry," Chairman Michael E. O'Neill stated. "Citigroup is well-positioned for continued profitability and growth, having refocused the franchise on the basics of banking," Mr. Pandit said. "The fundamentals we have in place today are solid, and we are on the right path. Citi's businesses, footprint and talent are unmatched, and we will be relentless in our drive toward operating excellence and risk management," Mr. Corbat said. New York - The Board of Directors of Citigroup today announced that Vikram Pandit has stepped down as the Company's Chief Executive Officer and as a member of the Board, effective immediately. The Board also announced it has unanimously elected Michael Corbat CEO and a director of the Board. To read more, go to http://news.citi.com/ex/?ex=ptZor7wisWBwLbZdAxfIu3N0Wvm7sUFhk7RVL_9KM6WYeldN_0C2SaUc364Of60w!KpwomhXStkjrAWfEZNgzoY9ubWEQxWSUZpYTUUFjJJF32
This email was sent to: jean.remy@sfr.frThis email was sent by:  Citigroup Inc. 399 Park Avenue, New York, NY, 10022, U.S.A.
User Agreement | Newsletters Unsubscribe
	© 2012 Citigroup Inc. Citi and Arc Design is a registered service mark of Citigroup Inc.