Citigroup Announces Resignation of Jerry A. Grundhofer

Citigroup today announced that Jerry A. Grundhofer has resigned from the Board of Directors of Citigroup and from the Board of Directors of Citibank, N.A.

Richard D. Parsons, Chairman of Citi’s Board of Directors said, "Jerry's deep understanding of financial services and steady guidance was of great value to the board during a critical period for Citi. We understand his desire to now dedicate more of his time to other interests and we are grateful for his service."

Jerry A. Grundhofer said, "I have been privileged to serve the shareholders of Citigroup while working with an outstanding board and management team. I take great satisfaction in the progress we made over the past few years and feel that Citigroup is in very good hands."

Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at


Citigroup Inc.
Shannon Bell, 212-793-6206
John Andrews, 212-559-2718
Fixed Income Investors:
Ilene Fiszel Bieler, 212-559-5091

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