Citigroup CFO John Gerspach will retire by March 1, 2019, ending his run as the longest-serving finance chief on Wall Street, according to The Wall Street Journal.
Citigroup announced Mr. Gerspach's resignation Sept. 4, drawing a close to his nearly 10-year tenure as the bank's top finance executive. Citigroup's CFO of Institutional Clients Group, Mark Mason, will succeed Mr. Gerspach, according to Business Insider. Mr. Gerspach, 65, joined Citigroup in July 1990 and became CFO in July 2009.
After 39 years with Citigroup, Jim Cowles, CEO of the bank's operations in Europe, the Middle East and Africa, will also depart to launch a nonprofit by the end of 2018. Additionally, Bill Mills, Citigroup's CEO of North American operations, will retire by the end of 2018 after 36 years with the bank, according to a memo obtained by Business Insider.
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