Citi CEO Michael Corbat to retire next year, Jane Fraser to become first woman CEO of a US megabank

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“Historic and wonderful,” elerianm, father of 2 daughters, says about Jane Fraser being named Citi’s next CEO. “I think the more role models you have out there, the better.”

Citi CEO Michael Corbat announced that, after 37 years at Citi, including the last eight years as CEO, he plans to retire from Citi and step down from its board in February of 2021. The board selected Jane Fraser, currently Citi's President and CEO of Global Consumer Banking, to succeed him as CEO in February, and she has been elected to the board, with service beginning immediately. Jane Fraser has been at Citi for 16 years and has been in her current roles since 2019.

Jane Fraser, chief executive officer for Latin American at Citigroup Inc., smiles during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. The conference brings together leaders in business, government, technology, philanthropy, academia, and the media to discuss actionable and collaborative solutions to some of the most important questions of our time.

 

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elerianm Does Corporate America need role models or competent ethical executives ? Why does gender matter? Best person for the job.? This sounds like virtue signalling to appeal to the woke left agenda SquawkCNBC

elerianm Stupid, is she qualified or not? Young women will get inspired by this? Aren’t there women in more powerful positions than this? And who admires bankers?

elerianm This guy annoys the living hell out of me.

elerianm father of 2 daughters? how unspectacular

elerianm Simp

elerianm Good man

elerianm Can’t stand this idiot

elerianm Do you have a tie and a daughter? Ok come on and discuss

What does gender have to do with being competent?

Just like a leftist, hand over the bank to a woman when the bank is about to go under.

Who is this little nerd on the picture.he is so DNC , alway criticizing Trump.

Black friday , SP500, dow jones , NAsdaq

elerianm Yes, let’s categorize everyone!

elerianm Why is everything race and gender. Why can’t you be a role model for your daughters based on your hard work - talent - and skills. Why is everything identity based. This is destroying the country. And you are part of it.

elerianm Praising an appointee CEO just because she is a woman equates to attacking a CEO just because he is a man... I see no value added at all in these remarks.

elerianm We get it you are the wokest.

elerianm I like how news has to legitimize the ability of a male to be able to express basic remarks about a female by saying he has daughters... This is a repeated thing that sounds absurd to non-gender biased people. Lol’n at ya, news for years now

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