Pandit Steps Down as Citigroup CEO; Michael Corbat to Take Helm
Posted on October 16, 2012 at 08:27 AM EDT
Bloomberg News Vikram Pandit will step down as CEO of Citigroup (C) immediately, as will COO John Havens, the company announced this morning. Shares were down 2.4% in pre-market trading after the surprise announcement. “Citigroup is well-positioned for continued profitability and growth, having refocused the franchise on the basics of banking. Given the progress we [...]