Citigroup Inc. said Tuesday its board is rotating the chairs of three committees _ nomination and governance, personnel and compensation, and audit and risk management _ as part of the company's periodic rotations
Richard Parsons will chair the nominations and governance committee and serve as lead director of the board. Parsons previously chaired the personnel and compensation committee.
Alain Belda will chair the personnel and compensation committee. Belda previously chaired the nominations and governance committee and served as lead director.
John Deutch will chair the audit and risk management committee. He will continue as chair of the audit and risk management corporate subcommittee. He will also join the executive committee.
Michael Armstrong, in addition to continuing to serving on the nominations and governance committee and the executive committee, will become a member of the personnel and compensation committee.
Lawrence Ricciardi will become a member of the audit and risk management committee.
The changes are effective immediately.
Shares slid 9 cents to $20.80 in after-hours electronic trading. The stock closed up $1.20, or 6.1 percent, at $20.89 in the regular session.
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