Citi names Jane Fraser as CEO, the first woman to lead a major US bank MyJoyOnline.com [Video]

Citigroup made history Thursday by naming Jane Fraser as its next CEO. She will become the first woman to lead a major US bank.

Fraser, currently in charge of Citi’s (C) consumer bank, is set to take over in February for Michael Corbat, who plans to retire after 37 years at the bank.

During his eight years in charge, Corbat helped stabilize Citi following the

During his eight years in charge, Corbat helped stabilize Citi following the Great Recession.

Jane Fraser will become Citigroup’s next CEO in February”I have worked with Jane for many years and am proud to have her succeed me,” Corbat said in a statement.

NEW: Citigroup CEO Michael Corbat said he plans to retire next February. Jane Fraser, currently Citi’s President and CEO of Global consumer banking, will succeed him as CEO https://t.co/7evQJWCMW7

— Bloomberg (@business) September 10, 2020

“With her leadership, experience and values, I know she will make an outstanding CEO.”

…