UPDATE 2-Citi chairman says all options open to find his replacement [Reuters (UK)]
Wells Fargo & Company (WFC)
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Source: Reuters
Citi chairman says all options open to find his replacement | Reuters 3 Min Read CHICAGO (Reuters) - Citigroup Inc ( C.N ) Chairman Mike O’Neill said on Tuesday all options were being considered to find a successor before he steps down in the next 12 months, after reaching the retirement age of 72. The options include having Citigroup Chief Executive Officer Mike Corbat take on the additional role of chairman, O’Neill said at the Wall Street bank’s annual shareholder meeting. O’Neill added he was “a bit agnostic” about keeping the roles of chairman and CEO separate. At last year’s meeting, O’Neill said the board of directors preferred to have different people in the two roles. Corbat, 57, has spent his career at Citigroup and was installed as CEO with O’Neill’s backing in October 2012 when the board fired Vikram Pandit, a few months after O’Neill had become chairman. O’Neill’s comments came as he and Corbat took questions from veteran bank analyst Mike Mayo, now at Wells Fargo, who
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