Citi Names Richard D. Parsons as Chairman of the Board of Directors; Sir Win Bischoff to Retire

by Citigroup Global Markets Limited 22 Jan 12:33

New York – Citi today announced that Lead Director and Chair of the Board’s Nomination and Governance Committee, Richard D. Parsons, will succeed Sir Win Bischoff as Chairman of the Board of Directors, effective February 23. Sir Win, who has been with Citi since 2000, said he will not stand for re-election to the Board at Citi’s next Annual Meeting and will retire from Citi later this year.

Citi Chief Executive Officer Vikram Pandit stated: “Sir Win has been an outstanding Board member and Chairman as well as a trusted advisor to me during my time at Citi. He agreed to take on senior leadership roles at Citi more than a year ago during a critical time for the company, and over the years has made very substantial contributions to this global enterprise. We thank Sir Win for his wise and sage counsel, as well as for his insightful guidance, and wish him nothing but continued success for the future.”