Citibank lost its three long-time executives
Three long-time Citigroup Inc. executives, including Chief Financial Officer John Gerspach, are stepping down from their positions as the bank realigns its top management. Gerspach, 65, who’s been the bank’s finance chief for nine years, will retire 1 March, while North America head Bill Mills and Jim Cowles, 63, who runs the bank’s Europe, Middle East, and Africa business, plan to leave at year-end. The company's Chief Executive Officer (CEO), Mike Corbat confirms the news on Tuesday in a memo to staff. Gerspach will be succeeded as CFO by Mark Mason, a 17-year veteran of the bank, Corbat said.
Recently, as reported by People Matters, Citigroup Inc. has appointed three women as Managing Directors for its markets business in Asia as a part of its efforts to raise gender parity at the division. The appointments come as Citigroup aims to have an equal number of male and female managing directors at its markets division in Asia within three-to-five years, up from the current 80:20 split in favor of men. The bank created hard targets for raising the percentages of women and African Americans in management positions by 2021, as per an internal memo signed by Chief Executive Officer Michael Corbat last week.
In another news, Evernote- the productivity app company has confirmed the exit of its CTO, CFO, CPO, and HR Head.