Key Points:
• Citi’s Board of Directors has elected Titi Cole as a new Director, effective January 31, 2025.
• Cole is a Citi alumna who has served in various leadership roles, including Head of Operations for Global Consumer Banking and Head of Legacy Franchises.
• Cole’s election comes ahead of Barbara Desoer’s retirement from the Board, as per Citi’s corporate governance guidelines.
Citi Appoints Titi Cole to Board of Directors
Citi’s Board of Directors has announced the election of Titi Cole as a new Director, effective January 31, 2025. Cole is a seasoned professional with over three decades of experience in the financial services sector. She joined Citi in 2020 as the Head of Operations for Global Consumer Banking and later served as the Head of Legacy Franchises.
Background and Experience
Cole’s extensive experience in the financial services industry makes her a valuable addition to Citi’s Board of Directors. Prior to joining Citi, Cole held various leadership roles at other financial institutions, including a stint as the Head of Global Transaction Services at Bank of America.
Why Cole’s Appointment is Important for Business
Cole’s appointment to Citi’s Board of Directors is significant for several reasons. Firstly, her deep understanding of the financial services sector will enable her to provide valuable insights and guidance to the company. Secondly, her experience in leading complex business transformations will be crucial in shaping Citi’s future strategy. Finally, her appointment demonstrates Citi’s commitment to diversity and inclusion, as Cole is a woman of color who has risen through the ranks of a major financial institution.
What This Means for Citi’s Future
Cole’s election to the Board of Directors comes ahead of Barbara Desoer’s retirement, which is in line with Citi’s corporate governance guidelines. Desoer’s departure marks the end of an era, but Cole’s appointment signals a new chapter in Citi’s history. With Cole’s expertise and leadership, Citi is poised to continue its growth and success in the competitive financial services sector.
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