Overview
- Mark Mason will step down as chief financial officer in early March 2026, become executive vice chair and senior executive advisor to CEO Jane Fraser, and depart the bank by the end of 2026.
- Gonzalo Luchetti, currently head of U.S. personal banking, will assume the CFO role after Citi files its 2025 year-end reports expected in March.
- Citi is renaming its cards operations U.S. Consumer Cards, combining branded cards and retail services under Pam Habner.
- The retail bank will shift into the wealth franchise overseen by Andy Sieg, with Kate Luft leading U.S. retail banking and Citigold and reporting to Sieg.
- Management says the moves support the turnaround plan targeting a 10–11% return on tangible common equity in 2026 following stronger recent results.