Citibank 2009 Annual Report Download - page 278

268
Dividends
For a summary of the cash dividends paid on Citi’s outstanding common
stock during 2008 and 2009, see Note 34 to the Consolidated Financial
Statements. In addition, for so long as the U.S. government holds any
Citigroup common stock or trust preferred securities acquired pursuant to the
preferred exchange offers consummated in 2009, Citigroup has agreed not to
pay a quarterly common stock dividend exceeding $0.01 per quarter, subject
to certain customary exceptions. Further, any dividend on Citi’s outstanding
common stock would need to be made in compliance with Citi’s obligations
to any remaining outstanding Citigroup preferred stock.
Executive Officers
Citigroup’s executive officers as of February 26, 2010 are:
Name Age Position and office held
Shirish Apte 57 CEO, Asia Pacific
Stephen Bird 43 CEO, Asia Pacific
Don Callahan 53 Chief Administrative Officer
Michael L. Corbat 49 CEO, Citi Holdings
John C. Gerspach 56 Chief Financial Officer
John Havens 53 CEO, Institutional Clients Group
Michael S. Helfer 64 General Counsel and Corporate Secretary
Lewis B. Kaden 67 Vice Chairman
Edward J. Kelly, III 56 Vice Chairman
Brian Leach 50 Chief Risk Officer
Eugene M. McQuade 61 CEO, Citibank, N.A.
Manuel Medina-Mora 59 CEO, Consumer Banking for the Americas;
Chairman of the Global Consumer Council;
Chairman & CEO, Latin America & Mexico
William J. Mills 54 CEO, Europe, Middle East and Africa
Vikram S. Pandit 53 Chief Executive Officer
Alberto J. Verme 52 CEO, Europe, Middle East and Africa
Jeffrey R. Walsh 52 Controller and Chief Accounting Officer
Each executive officer has held executive or management positions with
Citigroup for at least five years, except that:
Mr. Callahan joined Citigroup in 2007. Prior to joining Citi, Mr. Callahan •฀
was a Managing Director and Head of Client Coverage Strategy for
the Investment Banking Division at Credit Suisse. From 1993 to 2006,
Mr. Callahan worked at Morgan Stanley, serving in numerous roles,
including Global Head of Marketing and Head of Marketing for the
Institutional Equities Division and for the Institutional Securities Group.
Mr. Havens joined Citigroup in 2007. Prior to joining Citigroup, •฀
Mr. Havens was a partner of Old Lane, LP, a multi-strategy hedge fund
and private equity fund manager that was acquired by Citi in 2007.
Mr. Havens, along with several former colleagues from Morgan Stanley
(including Mr. Leach and Mr. Pandit), founded Old Lane in 2005. Before
forming Old Lane, Mr. Havens was Head of Institutional Equity at Morgan
Stanley and a member of the firm’s Management Committee.
Mr. Kaden joined Citigroup in September 2005. Prior to joining Citigroup, •฀
Mr. Kaden was a partner at Davis Polk & Wardwell.
Mr. Kelly joined Citi in February 2008 from The Carlyle Group, a private •฀
investment firm, where he was a Managing Director. Prior to joining
Carlyle in July 2007, he was a Vice Chairman at The PNC Financial
Services Group following PNC’s acquisition of Mercantile Bankshares
Corporation in March 2007. He was Chairman, Chief Executive and
President of Mercantile from March 2003 through March 2007.
Mr. Leach joined Citigroup in 2008. Prior to becoming Citi’s Chief Risk •฀
Officer in March 2008, Mr. Leach was a founder and the co-COO of Old
Lane, which was acquired by Citi in 2007. Earlier, he had worked for his
entire financial career at Morgan Stanley, finishing as Risk Manager of
the Institutional Securities Business.
Mr. McQuade joined Citi in August 2009. Prior to joining Citi, Mr. •฀
McQuade was Vice Chairman of Merrill Lynch and President of Merrill
Lynch Banks (U.S.) from February 2008 until February 2009. Previously,
he was the President and Chief Operating Officer of Freddie Mac for
three years. Prior to joining Freddie Mac in 2004, Mr. McQuade served as
President of Bank of America Corporation.
Mr. Pandit, prior to being named CEO on December 11, 2007, was •฀
Chairman and CEO of Citigroup’s Institutional Clients Group. Formerly
the Chairman and CEO of Alternative Investments, Mr. Pandit was a
founding member and chairman of the members committee of Old Lane,
LP, which was acquired by Citigroup in 2007. Prior to forming Old Lane,
Mr. Pandit held a number of senior positions at Morgan Stanley over
more than two decades, including President and Chief Operating Officer
of Morgan Stanley’s institutional securities and investment banking
business and was a member of the firm’s Management Committee.