Citigroup CEO plans for succession, but doesn’t plan to leave now, WSJ reports
Citigroup (C) CEO Vikram Pandit is taking steps to ensure that the company has a worthy successor upon his retirement, though he doesn’t plan to leave for several years, the Wall Street Journal reports. A lead contender to be Pandit’s successor could be Mike Corbat, the head of the company’s operations in Europe, the Middle East and Africa, sources say.
Reuters has a breaking news banner that says dude just stepped down. No link yet. Link posted is from August 3, 2012