Jane Fraser Elected Chair of Citi’s Board
Citigroup's Board of Directors has appointed CEO Jane Fraser as Chair, succeeding John Dugan, who transitions to Lead Independent Director. The MOVE underscores Citi's commitment to leadership stability amid its ongoing transformation.
Fraser received a one-time equity package valued at $25 million, including restricted stock units and 1.055 million stock options with staggered vesting. This incentive aligns with her demonstrated execution of strategic divestitures, operational simplification, and advancement of two-thirds of Citi's transformation programs to target state.
The leadership consolidation reflects Fraser's successful tenure marked by attracting top talent, implementing disciplined operations, and delivering shareholder value—positioning Citi as a fundamentally stronger institution than when the roles were previously separated.
