Summary
Citigroup Inc. (Citi) announced a significant change in its senior accounting leadership. Johnbull Okpara has resigned from his role as Chief Accounting Officer and Controller, effective September 10, 2024, to pursue other opportunities. This departure marks a transition in a key financial oversight position within the company. In response, Citi has appointed Robert Walsh as interim Chief Accounting Officer, effective immediately. Mr. Walsh brings extensive experience within Citi, having held various senior accounting and reporting roles since joining the company in 1999. The company has also appointed Patrick Scally as interim Controller. These interim appointments are in place while Citi conducts a search for permanent replacements, ensuring continuity in financial reporting and controls.
Key Highlights
- 1Departure of Johnbull Okpara as Chief Accounting Officer and Controller, effective September 10, 2024.
- 2Appointment of Robert Walsh as interim Chief Accounting Officer, effective immediately.
- 3Robert Walsh possesses extensive experience within Citi, having served in numerous senior accounting and reporting roles since 1999.
- 4Appointment of Patrick Scally as interim Controller, effective immediately.
- 5Interim appointments are in place while a search for permanent successors is conducted.
- 6The report also lists Exhibit 99.1 regarding securities registered under Section 12(b) of the Securities Exchange Act of 1934.