FOR IMMEDIATE RELEASE
Citigroup Inc. (NYSE: C)
January 22, 2007
Citigroup Announces Departure of Todd Thomson as Head of Global Wealth Management Division
New York – Citigroup announced today that Todd Thomson, 45, Chairman and Chief Executive Officer of Citigroup’s Global Wealth Management Division, is leaving the company to pursue other interests, effective immediately. Robert Druskin, Chief Operating Officer of Citigroup, will oversee Global Wealth Management on an interim basis, as the company searches for a successor to Sallie L. Krawcheck as Chief Financial Officer, who will assume leadership of this business once her current position is filled. The company has commenced a formal search of internal and external candidates to fill Ms. Krawcheck’s current role.
“Since joining the company in 1998, Todd contributed to the success of Citigroup, and we wish him well in his future endeavors,” said Charles Prince, Citigroup Chairman and Chief Executive Officer.
“It has been an eventful eight years, and it has been a great experience working with the fine team at Citigroup,” said Mr. Thomson. “At this time in my life and career, I am looking forward to exploring new challenges.”
Mr. Thomson served in numerous roles at Citigroup, including Senior Vice President, Strategy and Business Development and Chief Financial Officer and head of Operations, Technology and Strategy.
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Citigroup
Citigroup, 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. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney and Banamex. Additional information may be found at www.citigroup.com
Certain statements in this document are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those included in these statements due to a variety of factors. More information about these factors is contained in Citigroup’s filings with the Securities and Exchange Commission.