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Citigroup Picks Pandit for CEO Post

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Citigroup Picks Pandit for CEO Post

Economy

Citigroup Picks Pandit for CEO Post

Citigroup Picks Pandit for CEO Post

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  • <iframe src="https://www.npr.org/player/embed/17158954/17158930" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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Citigroup names Vikram Pandit, the head of its investment banking business, as CEO. Pandit's selection comes after a five-week search. He ran a hedge fund bought by Citigroup earlier this year, and is viewed as a careful and decisive. The bank also names acting CEO Sir Win Bischoff as its chairman, replacing Robert E. Rubin.