Citigroup Names Forese and Medina-Mora as Co-Presidents

Citigroup (NYSE: C  ) CEO Michael Corbat has named a pair of company executives, Jamie Forese and Manuel Medina-Mora, as co-presidents, the bank announced today. Forese will be responsible for the company's institutional business, while Medina-Mora's purview will be its global consumer banking operations and the bank's franchise in Mexico.

Both men have worked for either Citigroup or a predecessor firm for the entirety of their careers.

Additionally, Corbat appointed executives to head several of the bank's major divisions. These include Jim Cowles, who will be CEO of the Europe, Middle East and Africa region, and Brian Leach, the new head of franchise risk and strategy. The bank also announced that Vice Chairman Lew Kaden plans to retire after more than seven years with the firm.

Corbat was tapped to be CEO of Citigroup last October following the departure of Vikram Pandit.

link


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2182152, ~/Articles/ArticleHandler.aspx, 9/19/2014 8:02:00 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement