""a leader for all seasons""
""It has been an incredible 25-year journey at the firm-one I'm happy to continue in an advisory role through 2026,""
""This change, I believe, is timely for both the continued evolution of our exceptional team as well as my personal growth,""
Mark Mason will step down as Citigroup CFO in early March 2026 and transition to executive vice chair and senior executive advisor to chair and CEO Jane Fraser. Gonzalo Luchetti, head of U.S. personal banking, will succeed Mason as CFO. Mason joined Citi in 2001 and became CFO in 2019. Mason intends to pursue leadership roles outside Citi by the end of 2026 and has a long-term ambition to become a CEO. Citi will combine parts of its U.S. retail banking business with its wealth management operation. Morningstar raised its fair value estimate for Citi to $90 from $82 on a more optimistic net interest income outlook. Crist Kolder Associates reports CFO-to-CEO transitions rose to 7.5% this year from 6.5% in 2015.
Read at Fortune
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