Citi's CFO Mason Steps Down, New CFO Appointed
Update: 2025-11-25
Description
Citigroups CFO, Mark Mason, to step down in March 2026, transitioning to executive vice chair and senior advisor. Gonzalo Luchetti, current U.S. personal banking head, to succeed Mason as CFO. Mason aims to become CEO, reflecting a trend of CFOs transitioning directly into CEO roles. Citi plans to merge retail banking and wealth management operations, with Morningstar increasing fair value estimate to $90 per share.
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