FDIC Discussing Vikram Pandit’s Successor

Is Vikram Pandit’s future in question? The scenario seems highly probable. According to FT- senior officials at the FDIC have privately discussed who might replace Citigroup’s chief executive if the bank needed more government aid.

From FT: “It is unthinkable that Vikram could stay on if Citi requires more federal funds,” said a person familiar with the matter. “It is prudent to be thinking about different scenarios.”

People close to the situation said FDIC officials had discussed successors to Mr Pandit…

Mr Pandit became chief executive in December 2007. Possible replacement, notes FT – include Ned Kelly, finance chief, Gary Crittenden, his predecessor and chairman of the division containing Citi’s non-core assets, and one of Citi’s new board members.

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.