Citigroup appoints new CFO

Gary Crittenden has scooped the plum role of
finance CFO. The 
 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

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

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.’

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