Business

Citi names Jane Fraser as CEO, the first woman to lead a major US bank

Citigroup made history Thursday by naming Jane Fraser as its next CEO. She will become the first woman to lead a major US bank.

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By
Matt Egan
, CNN Business
CNN — Citigroup made history Thursday by naming Jane Fraser as its next CEO. She will become the first woman to lead a major US bank.

Fraser, currently in charge of Citi's consumer bank, is set to take over in February for Michael Corbat, who plans to retire after 37 years at the bank.

"I have worked with Jane for many years and am proud to have her succeed me," Corbat said in a statement. "With her leadership, experience and values, I know she will make an outstanding CEO."

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