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Citigroup Inc (C)

C on New York Consolidated

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17 Aug 2017
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Summary

Name Age Since Current Position

Michael O'Neill

70 2012 Independent Chairman of the Board

James Forese

54 2015 President, Chief Executive Officer - Institutional Clients Group

Michael Corbat

56 2012 Chief Executive Officer, Director

John Gerspach

63 2009 Chief Financial Officer

Francisco Aristeguieta

51 2015 Chief Executive Officer, Asia Pacific

James Cowles

61 2013 Chief Executive Officer - Europe, Middle East & Africa

Barbara Desoer

64 2014 Chief Executive Officer - Citibank, N.A.

Jane Fraser

49 2015 Chief Executive Officer - Latin America

William Mills

61 2015 Chief Executive Officer - North America

Jeffrey Walsh

59 2009 Controller and Chief Accounting Officer

W. Bradford Hu

53 2013 Chief Risk Officer

Rohan Weerasinghe

66 2012 General Counsel and Corporate Secretary

Don Callahan

60 2015 Head - Operations and Technology

Manish Kohli

2017 Global Head - Payments and Receivables

Michael Murray

52 2015 Head of Human Resources

Eugene McQuade

68 2015 Director

Ellen Costello

62 2016 Independent Director

Duncan Hennes

60 2013 Independent Director

Peter Henry

47 2015 Independent Director

Franz Humer

71 2012 Independent Director

Renee James

53 2016 Independent Director

Gary Reiner

62 2013 Independent Director

Anthony Santomero

70 2009 Independent Director

Diana Taylor

62 2009 Independent Director

James Turley

61 2013 Independent Director

Deborah Wright

59 2017 Independent Director

Ernesto Zedillo Ponce de Leon

65 2010 Independent Director

Biographies

Name Description

Michael O'Neill

Mr. Michael E. O'Neill is an Independent Chairman of the Board of the Company. Mr. O’Neill is an experienced financial services executive and has been nominated to serve on the Board because of his extensive experience in the areas of Financial Services, International Business, Institutional and Consumer Businesses, Regulatory Compliance, Risk Management, Corporate Governance, Compensation, and Financial Reporting. Because Citi is a highly regulated financial services company engaged in both consumer and institutional businesses, and engaged in an extensive effort to restructure its business to focus those businesses critical to Citi’s strategy, Citi’s Board benefits from the leadership of its Chair, Mike O’Neill, who has extensive banking experience, has executed bank turnarounds and workouts at Bank of Hawaii and Continental Bank, and has significant regulatory experience. As the former Chairman and Chief Executive Officer of the Bank of Hawaii, Vice Chairman and Chief Financial Officer at Bank of America, and Chief Financial Officer of Continental Bank, Mr. O’Neill has had extensive experience and developed his expertise in the areas of financial services, international, corporate and consumer businesses, regulatory compliance, risk management, corporate governance and financial reporting. Furthering his regulatory compliance expertise, while at the Bank of Hawaii, Mr. O’Neill served as the 12th District representative of the Federal Reserve Advisory Council. During his tenure at Continental Bank and while he was an independent financial consultant, Mr. O’Neill gained extensive international financial services experience.

James Forese

Mr. James A. Forese is President, Chief Executive Officer - Institutional Clients Group of the Company. Mr. Forese is no longer Co-President of Citigroup Inc. He had been the CEO of Securities and Banking in Citi's ICG since January 2011. Mr. Forese is the chair of the Risk Management Committee of ICG. He is based in New York. Mr. Forese was co-head of Global Markets from August 2008 to January 2011, with responsibility for managing the sales, trading and capital raising activities across Fixed Income, Currencies, Commodities, Equities and Municipal Securities. Mr. Forese was head of Markets from March 2008 to August 2008 and co-CEO of Markets and Banking from October 2007 to March 2008. He first joined the firm's Salomon Brothers division in 1985 and was named a Managing Director in 1992. Mr. Forese graduated summa cum laude from Princeton University in 1985 with a Bachelor of Science in electrical engineering and computer science.

Michael Corbat

Mr. Michael L. Corbat is Chief Executive Officer, Director of the Company. Mr. Corbat is an experienced financial services executive and finance professional and has been nominated to serve on the Board because of his extensive experience and expertise in the areas of Financial Services, Risk Management, Financial Reporting, International Business, Corporate and Consumer Business, Regulatory Compliance and Corporate Affairs. In his role as Chief Executive Officer of Citigroup Inc., his prior experience as Citi’s CEO of Europe, Middle East and Africa, and his extensive career at Citi he has gained experience in all of Citi’s business operations, including consumer banking, corporate and investment banking, securities and trading and private banking services. In these roles, Mr. Corbat has gained extensive financial services, financial reporting, corporate business, and risk management experience. Additionally, in his role as CEO of Citi Holdings, Citi’s portfolio of non-core businesses and assets, he oversaw the divestiture of more than 40 businesses, including the IPO and sale of Citi’s remaining stake in Primerica. Mr. Corbat also successfully oversaw the restructuring of Citi’s consumer finance and retail partner cards businesses and divested more than $500 billion in assets, reducing risk on the Company’s balance sheet and freeing up capital to invest in Citi’s core banking business.

John Gerspach

Mr. John C. Gerspach, CPA. Serves as Chief Financial Officer of the Company of Citigroup Inc since July 9,2009. He has served as the Controller and Chief Accounting Officer of Citigroup Inc and Member of the Citigroup Management Committee. Mr. Gerspach has been with Citigroup since 1990 and has held CFO and Chief Administrative Officer (CAO) positions throughout the company. He has experience in both the Global Consumer Group and the Global Corporate and Investment Banking Group and has worked closely with all of the regions. Most recently, he has been the CFO/CAO of Latin America. Before joining Citigroup in 1990, Mr. Gerspach was CFO at Penn Central Industry Group. Previous to that, he was Comptroller for the Defense Contracting Group at ITT Corporation. His professional career began at Arthur Andersen & Company. He earned his degree in Accounting at the University of Notre Dame and is Certified Public Accountant in the State of New York.

Francisco Aristeguieta

Mr. Francisco Alberto Aristeguieta is Chief Executive Officer - Asia Pacific of Citigroup Inc. He is responsible for all businesses in the region's 16 markets. Before assuming this role in June 2015, he served as CEO of Latin America, leading a three-year repositioning effort in the region for the 23 countries where Citi is currently present. Prior to that, he was Citi Transaction Services (CTS) Head for Latin America & Mexico, managing our Institutional Clients Group's core product set: Cash Management, Trade, Custody, Corresponding Banking and Export Agency Finance. He was a member of the Banco Nacional de Mexico (Banamex) Executive Committee and of the CTS Global Executive Committee. Mr. Aristeguieta has also served as CEO for the Andean Region Cluster of countries (Venezuela, Colombia, Peru, Ecuador & Bolivia) and Colombia directly, following stints as CEO for Citi Venezuela and, before that, Ecuador.

James Cowles

Mr. James Charles Cowles is Chief Executive Officer - Europe, Middle East & Africa (EMEA) of Citigroup Inc. Prior to assuming his current position, Jim was Chief Operating Officer for EMEA and Head of Western Europe at Citi. He has also served as Head of Markets for Citi in EMEA, Global Head of Equities and Global Head of Equity Capital Markets (new-issue product). Jim joined Smith Barney in 1979. Other previous roles have included: Head of Equities (EMEA), Deputy Head of Investment Banking, Head of Real Estate Investment Banking and Commercial Mortgage Trading, Head of Debt Capital Markets and Head of Direct Investments. Jim graduated Phi Beta Kappa from Denison University in 1977 with a B.A. in economics. Mr. Cowles graduated with an M.B.A. from The Wharton School, University of Pennsylvania, in 1979.

Barbara Desoer

Ms. Barbara J. Desoer is Chief Executive Officer - Citibank, N.A., a subsidiary of Citigroup Inc. Ms. Desoer joined Citi in April 2014. Prior to joining Citi, Ms. Desoer had a 35-year career at Bank of America, where she was President, Bank of America Home Loans, a Global Technology & Operations Executive, and President, Consumer Products, among other roles.

Jane Fraser

Ms. Jane Nind Fraser is Chief Executive Officer of Citigroup Inc. She is responsible for all businesses in the 23 countries where Citigroup Inc., is present in this important region, including Mexico. Before this role, she was Chief Executive Officer of U.S. Consumer and Commercial Banking and Citi Mortgage, responsible for Retail Banking, Commercial Banking, Small Business Banking, and Wealth Management in the U.S. and Citi's residential home mortgage lending business globally. From 2009 to 2013, Jane served as CEO of Citi's Global Private Bank. Over the course of four years, she transformed the business, recruiting and developing top talent to deliver strong results and industry-leading efficiency ratios. Under Jane's leadership, Citi Private Bank was named Best Global Private Bank by the Financial Times, The Banker and PWM for three consecutive years. Prior, Jane was Global Head of Strategy and Mergers & Acquisitions for Citi from 2007 to 2009 and also led the firm's re-engineering effort. She joined Citi in 2004 to run Client Strategy for the Global Banking division. American Banker has recognized her several times as one of the Most Powerful Women in Banking. Prior to joining Citi, Jane was a Partner at McKinsey & Company where she worked in London and New York for 10 years serving clients in the financial services industry. While at McKinsey, she authored a number of articles on globalization and co-authored a book on global strategy, Race for the World, published by HBS Press in 1999. She started her career at Goldman Sachs in the Mergers & Acquisitions department in London and then worked for Asesores Bursátiles in Madrid, Spain. Jane has an M.B.A. from Harvard Business School and an M.A. in economics from Cambridge University.

William Mills

Mr. William J. Mills is Chief Executive Officer - North America of Citigroup Inc. Mr. Mills was named Head of Community Development and International Franchise Management of the Company on January 7, 2013. Prior to this, he served as Chief Executive of Western Europe, Middle East and Africa. Mr. Mills graduated from the Denison University in 1977.

Jeffrey Walsh

Mr. Jeffrey R. Walsh is Chief Accounting Officer, Controller of the Company. He has been with Citigroup for 19 years in a variety of product, regional and functional finance roles, including Controller for the Global Consumer Businesses, Interim Global Consumer CFO, Senior Finance Officer for International Operations, EMEA Consumer CFO and UK Country Controller. Previously, Mr. Walsh spent 11 years with KPMG.

W. Bradford Hu

Mr. W. Bradford Hu is Chief Risk Officer of the Company. He has acted as Head of Risk for the Asia Pacific region of the Company. He holds a Masters of Business Administration degree from the Dartmouth College. Moreover, he received a Bachelors degree in Electronics Engineering from Massachusetts Institute of Technology. Prior to joining Citi, Brad worked at Morgan Stanley for more than 20 years, where he served as CEO of Morgan Stanley Taiwan and held a number of other leadership roles in Firm Management, the Global Equity Division, Global Capital Markets, and Investment Banking. Brad has more than 15 years of experience in Asia, having worked and lived in Hong Kong, Tokyo and Taipei. Brad graduated from the Massachusetts Institute of Technology, earning S.B. and S.M. degrees in electrical engineering and computer science with a concentration in economics, and received his M.B.A. with High Distinction from the Amos Tuck School of Business Administration, Dartmouth College, where he was elected Edward Tuck Scholar.

Rohan Weerasinghe

Mr. Rohan Seneka Weerasinghe is General Counsel, Corporate Secretary of the Company. Mr. Weerasinghe was Senior Partner at Shearman & Sterling, an international law firm advising corporations, financial institutions and governments. For the past 35 years, he has advised and represented financial institutions and corporations on issues including corporate governance, complex transactions, and IPOs and debt issues. Among other posts, he is Trustee of the Carnegie Endowment for Peace and a partner of the Partnership for New York City. He graduated from Harvard College in 1972 and received a Masters of Business Administration degree and J.D. from Harvard in 1977.

Don Callahan

Mr. Don Callahan is Head - Operations and Technology of Citigroup Inc. Mr. Callahan joined Citigroup in 2007. Prior to joining Citi, Mr. Callahan was a Managing Director and Head of Client Coverage Strategy for the Investment Banking Division at Credit Suisse. From 1993 to 2006, Mr. Callahan worked at Morgan Stanley, serving in numerous roles, including Global Head of Marketing and Head of Marketing for the Institutional Equities Division and for the Institutional Securities Group.

Manish Kohli

Mr. Manish Kohli is the Global Head - Payments and Receivables of the Company. Manish joined Citi India in 1997 as a Management Associate in Trade Operations. He has since worked in a variety of roles in Citi's businesses in India, EMEA and globally across Payments, Receivables, Trade and Cards. Manish was the EMEA Head of Commercial Cards prior to his move to New York in 2012 to take on his most recent role as Global Head of Commercial Cards. Manish holds a Bachelor of Business Studies and a MBA in Finance from University of Delhi.

Michael Murray

Mr. Michael Murray is Head of Human Resources of the Company. He was named Citi's Head of Human Resources in July 2014. During the financial crisis and its aftermath, Mike helped redesign Citi's compensation practices to match an environment of increased scrutiny, which continues to this day. He has also led efforts to improve the effectiveness and efficiency of our Human Resource function. The HR Transformation is focused on everything from organization structure to site strategy and client experience. Mike's prior roles with Citi include Senior Human Resource Officer for Citi Alternative Investments, the Director of Benefits, Executive Development and the Director of Finance and M&A. Prior to joining Citi, Mike was an employee benefits consultant specializing in International Benefits. Mike graduated summa cum laude with a B.A. in mathematics from Colgate University.

Eugene McQuade

Mr. Eugene M. McQuade is Director of the Company. Mr. McQuade is an experienced financial services executive and has been nominated to serve on the Board because of his extensive skills and experience in the areas of Financial Services, Risk Management, Institutional and Consumer Businesses, Financial Reporting, Legal Matters, and Regulatory Compliance. As the former Chief Executive Officer of Citibank, N.A., he has a deep understanding of all aspects of Citi’s institutional and consumer businesses and has managed Citibank’s capital structure, regulatory compliance, enterprise risk, and strategic planning. While a member of management, he provided oversight of Citi’s CCAR process, which enables him to significantly enhance the Board’s and the Risk Management Committee’s oversight of this process. Mr. McQuade has extensive financial services experience and expertise through his service in management positions such as CEO, president, vice chairman, chief financial officer and chief operating officer of several global, publicly traded financial institutions. He has gained broad experience in consumer banking and commercial banking through his previous experience at Bank of America, FleetBoston Financial, and Merrill Lynch. In addition, his board service at XL Group, Ltd. gives him experience with global operations and regulated businesses. Mr. McQuade’s extensive financial services background also adds significant value to Citi’s and Citibank’s relationships with various regulators and stakeholders.

Ellen Costello

Ms. Ellen M. Costello is an Independent Director of the Company. Ms. Costello is an experienced financial services executive and has been nominated to serve on the Board because of her extensive skills and experience in the areas of Financial Services, Risk Management, Institutional and Consumer Businesses, Financial Reporting, Operations and Technology, and Regulatory Compliance. Because Citi is an international financial services company with both consumer and institutional businesses, having former banking executives with extensive banking experience, like Ms. Costello, as Board members enables the Board to provide knowledgeable oversight to its business and regulatory activities. In her 30 years at BMO Financial Group, a global financial institution, Ms. Costello acquired extensive experience in personal and commercial banking, wealth management and capital markets businesses in Canada, Asia and the U.S. In her roles in Global Treasury and Global Capital Markets, she gained experience in corporate, institutional and investment banking, securities, trading and asset management. As CEO of BMO Harris Bank N.A., Ms. Costello gained experience in personal and commercial banking, strategic planning, marketing, regulatory compliance, financial reporting and personnel matters. Additionally, as CEO, BMO Financial Corporation and U.S. Country Head, she gained further experience in regulatory compliance, including capital and resolution planning, risk management and governance. Her board service at DH Corporation gives her experience with global operations and financial technologies businesses. Ms. Costello’s extensive financial services background also adds significant value to Citi’s and Citibank’s relationships with various regulators and stakeholders.

Duncan Hennes

Mr. Duncan P. Hennes is an Independent Director of the Company. Mr. Hennes is an experienced financial services professional and has been nominated to serve on the Board because of his extensive experience and expertise in the areas of Financial Services, Risk Management, Financial Reporting, Corporate Business, Regulatory Compliance, and Corporate Affairs. In his role as the Co-Founder of Atrevida Partners, LLC and his prior experience at Promontory Financial Group and Bankers Trust Corporation he has gained extensive experience in financial services, regulatory compliance, corporate and investment banking, and securities and trading. While at Bankers Trust Corporation, Mr. Hennes was Chairman of Oversight Partners I, the consortium of 14 firms that participated in the equity recapitalization of Long-Term Capital Management. As the Chair of Oversight Partners, Mr. Hennes gained experience in credit and risk management, and personnel matters. Additionally, in his role as CEO of Soros Fund Management, Mr. Hennes gained experience in investing, operational infrastructure, and trading, including arbitrage activities. Mr. Hennes’ experience as a Certified Public Accountant has also given him audit, financial reporting, and risk management expertise.

Peter Henry

Dr. Peter Blair Henry is an Independent Director of Company. In addition, Dr. Henry, a leading academic and seasoned international economist, has been nominated to serve on the Board because of his extensive expertise in the areas of International Business and Economics, Financial Services, Risk Management, Financial Reporting, Consumer Business, Corporate Affairs, and Governance. As a renowned international economist, he shares important perspectives with the Board on emerging markets, which is a focus of Citi’s strategy. The experience he has gained in his role as Dean of the Leonard N. Stern School of Business enables him to provide an important perspective to the Board’s discussions on public affairs, financial and operational matters. As a former member of the Board of Kraft Foods Group, Inc. and its Audit and Governance Committees, Dr. Henry has gained valuable insights about the consumer business environment, financial reporting, and governance. Dr. Henry’s governmental advisory roles, including leadership of President Obama’s Transition Team’s review of international lending agencies and his service as an economic advisor to governments in developing and emerging markets, have given him valuable insights and perspectives on international business and financial services. Dr. Henry brings to the Board extensive experience in executive leadership at a large private university, including a robust understanding of the issues facing companies and governments in both mature and emerging markets around the world.

Franz Humer

Dr. Franz B. Humer, Ph.D., is an Independent Director of the Company. Mr. Humer is an experienced executive and has been nominated to serve on the Board because of his extensive experience in the areas of International and Consumer Businesses, Financial Reporting, Risk Management, Compensation, Regulatory Compliance, Legal Matters, and Corporate Governance. Mr. Humer gained extensive experience in international and consumer business, risk management, compensation, regulatory compliance, financial reporting, and corporate governance in his roles as CEO and Chair of Roche Holdings and other executive positions at Roche as well as in his service as Chair of Diageo plc. With his many years of experience leading large, complex global organizations in the U.S. and in Europe in an extensively regulated industry, Mr. Humer is able to offer insights on the implementation of business strategies in major global markets, advise on regulatory compliance, and provide strategic guidance on the development and expansion of important franchises and brands. Mr. Humer’s previous experience in addressing ethics issues that arose in the pharmaceutical industry is beneficial to Citi in providing guidance on our ethics and conduct initiatives. As a former member of the International Advisory Board of Allianz, and as a member of several philanthropic organizations, he is able to provide important perspectives on international and consumer business and corporate affairs.

Renee James

Ms. Renee J. James is an Independent Director of the Company. Ms. James is an experienced executive and has been nominated to serve on the Board because of her experience in the areas of Technology, Risk Management, and International and Consumer Businesses. She is a seasoned technology executive with broad, international experience managing large scale, complex global operations. Through her 28-year career as a technology executive at Intel and in her current role with the Media and Technology Practice at The Carlyle Group, as well as in her role as the Chair of the National Security Telecommunications Advisory Committee to the President of the United States, Ms. James developed extensive expertise in cybersecurity and emerging technologies. These skills are particularly important to Citi as a member of an industry facing cyber threats and as a company embracing innovation and new technologies. Through her career at Intel and her service on the boards of other prominent international companies (Oracle Corporation, Sabre Corporation and Vodafone Group Plc), Ms. James has had executive experience with consumer risk management and corporate governance issues.

Gary Reiner

Mr. Gary M. Reiner is an Independent Director of the Company. Mr. Reiner is an experienced executive and has been nominated to serve on the Board because of his experience in the areas of Operations and Technology, Financial Reporting, Compensation, Corporate Governance, and International and Consumer Businesses. In his current role as Operating Partner of General Atlantic LLC, he has continued to broaden his considerable expertise in technology and management. Through his tenure as Chief Information Officer at General Electric, Mr. Reiner gained extensive experience in the management of a large, complex, multinational operation, developing technology innovations, strategic planning and marketing to an international consumer and institutional customer base. He also has significant experience in information technology through his many years of experience as a partner of Boston Consulting Group, where he focused on strategic issues for technology businesses and in advising on cybersecurity issues. Mr. Reiner’s expertise as an innovative technology leader assists Citi in meeting the operational, technology and cybersecurity challenges inherent in operating a financial services company in the 21st century. Through his service on the Hewlett Packard Board of Directors, Mr. Reiner has developed additional leadership and corporate governance expertise as the Chair of its Nominating, Governance and Social Responsibility Committee.

Anthony Santomero

Dr. Anthony M. Santomero is an Independent Director of the Company. Dr. Santomero is a seasoned economist and economic policy advisor and has been nominated to serve on the Board because of his extensive experience in the areas of Risk Management, Regulatory Compliance, Corporate Governance, and Financial Reporting. Because Citi is an institution engaged in a highly regulated industry with a focus on ensuring that risk management is embedded in company practices, having a Board member, like Dr. Santomero, with extensive regulatory management experience is critical to enhancing the Board’s oversight of these functions. Among many other distinguished positions at which he had wide-ranging risk and regulatory experience, Dr. Santomero was most recently a Senior Advisor at McKinsey & Company, served as the President of the Federal Reserve Bank of Philadelphia from 2000 to 2006, was Chair of the System’s Committee on Credit and Risk Management, and was a member of the Financial Services Policy Committee and the Payments System Policy Advisory Committee. As the Richard K. Mellon Professor of Finance at The Wharton School of the University of Pennsylvania and Deputy Dean of the School, Dr. Santomero’s particular focus was on issues related to managing risk at the firm level as well as ways to improve productivity and performance, while working closely with industry executives and practitioners to ensure that the research was informed by the operating realities and competitive demands facing industry participants as they pursue competitive excellence, further enhancing his risk management capabilities.

Diana Taylor

Ms. Diana Lancaster Taylor is an Independent Director of the Company. Ms. Taylor is an experienced financial services executive and regulator and has been nominated to serve on the Board because of her wide-ranging experience in the areas of Financial Services, Institutional Business, Regulatory Compliance, Risk Management, Corporate Affairs, Compensation, Corporate Governance, and Legal Matters. Citi’s Board provides oversight of Citi’s banking businesses and regulatory relationship, areas where Ms. Taylor has extensive experience; it also provides oversight of Citi’s compensation programs and governance, including public affairs matters, where Ms. Taylor is able to use her extensive experience to enhance the Board’s oversight. Ms. Taylor has extensive bank regulatory and risk management experience, having served as the Superintendent of Banks for the New York State Banking Department. Her financial services and corporate business experience includes in-depth private equity, fund management, and investment banking experience as a Vice Chair at Solera Capital LLC and as a Managing Director of Wolfensohn Fund Management, L.P., a fund manager; and Founding Partner and President of M.R. Beal & Company, a full service investment banking firm. Ms. Taylor also served as Chief Financial Officer of the Long Island Power Authority. In addition, through her work on the Sotheby’s Compensation Committee, the Brookfield Properties Governance Committee, as chair of Accion and the Hudson River Park Trust, and former chair of the New York Women’s Foundation and the YMCA of Greater New York, Ms. Taylor has gained additional experience in corporate affairs, corporate governance, financial reporting, compensation, and legal matters.

James Turley

Mr. James S. Turley is an Independent Director of the Company. Mr. Turley, the retired Global Chair and CEO of Ernst & Young, brings to Citi his insights and expertise from his exceptional career in the accounting profession, both in the U.S. and internationally, as well as his executive experience from leading a major public accounting firm. Mr. Turley has been nominated to serve on the Board because of his extensive knowledge and expertise in the areas of Financial Reporting, Legal Matters, Corporate Affairs, International Business, Regulatory Compliance, and Risk Management. As Chair of the Audit Committee and a member of the Risk Management Committee, Mr. Turley adds significant value to the Board’s oversight of financial reporting, regulatory matters, compliance, internal audit, legal issues and risk. Having served as Chair and CEO of Ernst & Young, he has developed significant expertise in the areas of compensation, litigation, and corporate affairs. Mr. Turley, the former Chairman of the Board of Catalyst, is recognized as a champion of diversity, having received the prestigious Crystal Leadership Award for his support of equal marketplace access for women and the groundbreaking programs he oversaw at Ernst & Young that enable the strategic development of women-owned businesses, and provides guidance to Citi on diversity matters as well.

Deborah Wright

Ms. Deborah C. Wright is an Independent Director of the Company. Ms. Wright is an experienced financial services executive and has been nominated to serve on the Board because of her extensive experience in the areas of Financial Services, Consumer Business, Risk Management, Corporate Affairs, Financial Reporting, and Regulatory Compliance. As a highly regulated financial services company with an extensive consumer business and a commitment to community development, Citi benefits from having Directors, like Ms. Wright, with distinguished careers in financial services and who are knowledgeable about, and committed to, community development. Ms. Wright’s experience as the former Chairman and Chief Executive Officer of Carver Bancorp, Inc. and Carver Federal Savings Bank, where she gained experience in personal and commercial banking, strategic planning, marketing, regulatory compliance, financial reporting, and personnel matters, brings leadership qualities to Citi and demonstrates a practical understanding of organizations, processes, strategy, and risk management. She has corporate affairs experience through years of leadership roles at non-profit organizations and governmental bodies. Ms. Wright also has extensive financial reporting experience as Chair of the Audit and Finance Committee at Time Warner Inc. As a board member of Voya Financial, Inc., and through her prior long-term service as a director of Kraft Foods Inc., she also brings the perspective and experience of overseeing firms that provide a wide variety of consumer products to customers.

Ernesto Zedillo Ponce de Leon

Dr. Ernesto Zedillo Ponce de Leon, Ph.D., is an Independent Director of Citigroup Inc. Mr. Zedillo Ponce de Leon is the former President of Mexico, a seasoned economist, and an academic. He has been nominated to serve on the Board because of his extensive experience in the areas of International Business and Economics, Regulatory Compliance, Corporate Affairs, Risk Management, and Corporate Governance. As a financial services company with a significant business in Mexico, Citi benefits from having Mr. Zedillo Ponce de Leon on its Board to provide a greater understanding of the business, governmental, regulatory, and economic environment in Mexico. Through his extensive governmental experience, including his service from 1978 to 1987 at the Central Bank of Mexico, as Undersecretary of Budget for the Mexican government from 1987 to 1988, as Secretary of Economic Programming and the Budget from 1988 to 1992, and as President of Mexico from 1994 to 2000, as well as his academic experience, including his roles as the Director of the Center for the Study of Globalization, Professor of International Economics and Politics and Professor of International and Area Studies at Yale, he has had extensive experience in the areas of international business, regulatory compliance, and risk management. His service as Chair of the Global Development Network, Chair of the High Level Commission on Modernization of World Bank Group Governance, on the Group of Thirty, and on the International Advisory Boards of BP and the Coca-Cola Company, has given him extensive international business and corporate affairs experience.