|May 14, 2008||Citigroup Inc. (NYSE: C)|
New York – Citi announced today the appointment of Deborah Hopkins to the new position of Chief Innovation Officer, effective immediately. Since joining Citi in 2002, Ms. Hopkins has held several senior roles at the company, including Chief Operations and Technology Officer and Head of Corporate Strategy, Mergers & Acquisitions. This new role will bring together the strategy, information technology and research and development to drive cross-business, client-focused innovation across the company. Ms. Hopkins will report to Don Callahan, Citi's Chief Administrative Officer.
Ms. Hopkins will be responsible for developing and leading Citi's approach to creative, forward-looking collaboration with external constituencies, including current and prospective clients, venture capital firms, government agencies and academic institutions. She also will create and direct methods to maximize the internal creativity of Citi's newly reorganized corporate structure with the goal of creating operating efficiencies across global products, regions and the enterprise as a whole.
Ms. Hopkins also will retain her current role of Managing Director and Senior Advisor, Citi's Institutional Clients Group, where she will continue to support and advise Investment Banking clients.
"Innovation is critical for Citi's future growth, and I am delighted that Debby has accepted this important new challenge," said Vikram Pandit, Citi Chief Executive Officer. "As Chief Innovation Officer, Debby will work closely with Citi's regional and product leadership to help us serve clients better by driving innovation through the enterprise."
"Debby is a strategic-thinker and a proven change agent. She brings a strong track record of innovation and the passion, energy and drive needed to help transform Citi into a more collaborative, efficient, client-focused enterprise," Mr. Callahan said.
About Ms. Hopkins
Ms. Hopkins, 53, is Chief Innovation Officer for Citi and Managing Director and Senior Advisor, Citi's Institutional Clients Group. From 2003 to 2005, she was Chief Operations & Technology Officer and Chief Information Security Officer for Citi. Prior to that, she was Head of Corporate Strategy, Mergers & Acquisitions. Ms. Hopkins also has held senior level positions at several global companies, including Chief Financial Officer for The Boeing Company and Lucent Technologies. Prior to that, Ms. Hopkins was Vice President of Finance for General Motors Europe and a member of GM's European Strategy Board. She is a member of the Board of Directors for Citibank N.A. and Citicorp Holdings, Inc. Between 2000 and 2005, she was a member of the Board of Directors for DuPont. In 2000, Fortune magazine named her the second most powerful woman in American business.
Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citi's major brand names include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Nikko. Additional information may be found at www.citigroup.com or www.citi.com.