8-KLeadership ChangesExhibits & Filings

CITIGROUP INC 8-K Report, Executive Changes (Feb 17, 2015)

Filed February 17, 2015For Securities:CC-PNC-PR

Summary

Citigroup Inc. (C) filed an 8-K on February 17, 2015, to announce a significant change in its Board of Directors. Effective July 1, 2015, Peter Blair Henry will join the Board as a director. Mr. Henry brings extensive academic and leadership experience, currently serving as the Dean of New York University’s Leonard N. Stern School of Business. The company confirmed that Mr. Henry meets all independence requirements as per Citigroup's Corporate Governance Guidelines and applicable regulations. His appointment is a strategic move to enhance board expertise and governance. Investors should note that Mr. Henry's term will commence later in the year, and he has not yet been assigned to any board committees. His compensation will align with the standard practices for non-employee directors.

Key Highlights

  • 1Appointment of Peter Blair Henry as a new director to the Board, effective July 1, 2015.
  • 2Mr. Henry's current role as Dean of NYU's Leonard N. Stern School of Business brings valuable business and academic leadership experience.
  • 3The Board has determined Mr. Henry to be independent according to Citigroup's Corporate Governance Guidelines and regulatory standards.
  • 4Mr. Henry's directorship commences on July 1, 2015, and he has not been appointed to any board committees at this time.
  • 5Compensation for Mr. Henry will follow Citigroup's established compensation practices for non-employee directors.
  • 6No family relationships or related party transactions exist between Mr. Henry and Citigroup.
  • 7The company furnished a press release dated February 17, 2015, related to this appointment as an exhibit.

Frequently Asked Questions

Peter Blair Henry has been elected as a new director to Citigroup Inc.'s Board, effective July 1, 2015. He is currently the Dean of New York University’s Leonard N. Stern School of Business, bringing significant academic and leadership experience to the board.

Yes, Citigroup's Board of Directors has determined that Mr. Henry is independent, adhering to the company's Corporate Governance Guidelines, New York Stock Exchange rules, and other applicable laws and regulations.

Mr. Henry's term as a director will commence on July 1, 2015. As his term has not yet begun, he has not been assigned to any committees of the Board of Directors.

Mr. Henry will receive compensation as a non-employee director in accordance with Citigroup's standard compensation practices for its non-employee directors, as detailed in its previous Proxy Statement.