Citigroup CEO Michael Corbat to Retire, Jane Fraser Named Successor
Citigroup CEO Michael Corbat to Retire, Jane Fraser Named Successor
Jane Fraser has been with Citigroup for 16 years.
Photo:
Rodrigo Capote/Bloomberg News
Updated Sept. 10, 2020 8:53 am ET
Citigroup Inc.
C 0.71%
said Chief Executive Michael Corbat will retire in February 2021 after eight years in the position.
Jane Fraser, Citi's president and chief executive of global consumer banking, will succeed Mr. Corbat as chief executive, the bank said Thursday. Ms. Fraser would be the first woman