Citigroup’s board of directors now includes three new outside directors, a new non-executive chair for Citibank, N.A., a new oversight committee for Citi Holdings and a new chair of its audit and risk management committee.
The three new outside directors are
- Diana L. Taylor, the former superintendent of banks for the New York State Banking Department and current managing director of Wolfensohn Capital Partners, a fund manager.
- Timothy C. Collins, CEO of Ripplewood Holdings L.L.C., an investment firm that invests in financial services and other sectors, and
– Robert L. Joss, Ph.D., dean and professor of the Graduate School of Business at Stanford University, and former CEO of Westpac Banking Corporation Ltd.
The new directors, who will stand for election at Citi’s next annual meeting, bring the total on the board to 17 members, only one of whom (CEO Vikram S. Pandit) is a member of Citi management.