Citigroup appoints new CFO

Citigroup appoints new CFO

Gary Crittenden wins highly-prized financial role at US banking giant as the company makes efforts to dispel worries about its management depth

Gary Crittenden has scooped the plum role of
Citigroup’s
finance CFO. The 
American
Express
 executive will become Citigroup’s finance chief as of 12 March.

The banking colossus launched a search in January to find a
replacement for Sallie Krawchek’s, one of Wall St’s most powerful women, after
she announced her plans to return to her former job as head of wealth
management. In making the appointment Citigroup kept to its promise of having
the role filled within 45 days.

Crittenden said of his new position: ‘With global scale, scope, and a superb
brand, Citi is a unique global enterprise. This may very well be the best place
to serve as CFO. Participating in the continued growth of this great company was
an opportunity I felt I simply could not miss, and I could not be more pleased
to join the entire Citi team at this exciting time in its long and storied
history.

He added: ‘The priorities and sense of urgency are clear. I can’t wait to get
started.’

In announcing the appointment, Citigroup CEO Chuck Prince said: ‘Gary has
demonstrated an exceptional ability to help the organisations he has worked for
to generate superior value by supporting the successful execution of their
business strategies with the development and implementation of sophisticated
financial strategies. He has distinguished himself as one of the leading chief
financial officers in business today, most recently through his tremendous
contributions to American Express’ consistent performance.’

‘Gary’s proven record and expertise in strategic financial management,
together with his substantial experience in the consumer business, will
accelerate our growth across the franchise. We are delighted that he has chosen
to join Citi.’

Citigroup searching for CFO with CEO
potential
 

Bank of America CFO not up for Citigroup
role
 

Citigroup CFO not looking to resign

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource