Citigroup Inc. announced the transition of the Chief Financial Officer role from Mark Mason to Gonzalo Luchetti.
Mark Mason will become Executive Vice Chair and Senior Executive Advisor to the Chair/CEO.
Gonzalo Luchetti will take over as CFO with changes in the U.S. Personal banking business structure.
CFO Transition
Mark Mason to transition out of CFO role in March 2026 and become Executive Vice Chair and Senior Executive Advisor to the Chair/CEO.
Integration of Retail Bank
Citi's Retail Bank will be integrated into the Wealth business under the leadership of Kate Luft.
Formation of U.S. Consumer Cards
Combination of Citi's Branded Cards and Retail Services to form U.S. Consumer Cards business led by Pam Habner.
- The transition plan aims to prepare Citigroup for future growth and leadership succession.
- Integration of retail banking and changes in business structure indicate strategic realignment within the organization.
The strategic CFO transition and restructuring in the personal banking business reflect Citigroup's commitment to future growth and leadership development.