Vikram Pandit to Step Down as Citigroup CEO

Vikram Pandit to Step Down as Citigroup CEO

By CNBC | CNBC
2012/10/16

Vikram Pandit announced Tuesday that he is stepping down as CEO of Citigroup. The board of directors named Michael Corbat its new chief executive.
President and Chief Operating Officer John Havens also resigned.
After finishing 5.5 percent higher Monday, shares of Citigroup (C) were lower in pre-market trading following the announcement. (Click here to get the latest quotes for Citigroup.)

"Citigroup is well-positioned for continued profitability and growth, having refocused the franchise on the basics of banking," Pandit said.
Citi's board of directors praised Pandit's "leadership, integrity and resilience in guiding Citi through the crisis and positioning it well for the future."
Corbat was formerly the chief executive of Citi's Europe, Middle East, and Africa division.

http://sirifarm.com/

	To: From: Depart: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 12:00am 1:00am 2:00am 3:00am 4:00am 5:00am 6:00am 7:00am 8:00am 9:00am 10:00am 11:00am 12:00pm 1:00pm 2:00pm 3:00pm 4:00pm 5:00pm 6:00pm 7:00pm 8:00pm 9:00pm 10:00pm 11:00pm Morning Noon Evening Anytime Stops: 0 1 2 3 Return: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 12:00am 1:00am 2:00am 3:00am 4:00am 5:00am 6:00am 7:00am 8:00am 9:00am 10:00am 11:00am 12:00pm 1:00pm 2:00pm 3:00pm 4:00pm 5:00pm 6:00pm 7:00pm 8:00pm 9:00pm 10:00pm 11:00pm Morning Noon Evening Anytime 0 1 2 3 4 5 Adults (15-64) 0 1 2 3 4 Children (2-14) 0 1 2 3 4 5 Seniors (65+) Child Ages: -?- 2 3 4 5 6 7 8 9 10 11 12 13 14 -?- 2 3 4 5 6 7 8 9 10 11 12 13 14 -?- 2 3 4 5 6 7 8 9 10 11 12 13 14 -?- 2 3 4 5 6 7 8 9 10 11 12 13 14