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December 12, 2007

Citigroup: Pandit new CEO, Bischoff new chairman

Citigroup Names Pandit CEO to Clean Up Subprime Mess

Dec. 11 (Bloomberg) - Citigroup Inc. named former Morgan Stanley President Vikram Pandit as chief executive officer, ending a monthlong search after Charles O. Prince stepped down amid at least $9 billion of mortgage losses. [more]

Former U.S. Treasury chief Robert Rubin engineered the change.

Posted by Holden Oliver (Kitzb├╝hel Desk) at December 12, 2007 10:13 PM

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