Monday November 24, 2014

Citigroup names Forese, Medina-Mora co-presidents

Citigroup CEO Michael Corbat named Jamie Forese and Manuel Medina-Mora to serve as co-presidents.

Business Week has learned that Citigroup CEO Michael Corbat has named Jamie Forese and Manuel Medina-Mora to serve as co-presidents. Corbat took over as chief executive of the New York-based company this past fall after Vikram Pandit unexpectedly stepped down following repeated clashes with the board of directors over the company’s strategy and its relationship with the federal government. According to Business Week, “Forese will be responsible for all of Citi’s institutional businesses, and Medina-Mora will continue to oversee global consumer banking and Citi’s franchise in Mexico.”

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