Citigroup inches closer to CEO choice

The Citigroup board meets today and tomorrow, this after the CEO search committee met over the weekend. The New York Times says directors will likely decide on the next CEO, though an announcement may take longer. Most assume that Vikram Pandit will be offered the job. The ripple effects, however, are an open question. Pandit has been in charge of the investment bank since October; it's uncertain who would fill that critical role. Michael Klein, co-head of investment banking, and John Havens, who runs the alternative investments unit, are said to be top contenders. Hanging over all this is the specter of huge writedowns for the fourth quarter. It's unclear if the new CEO would want to start after the results are known. Stay tuned.  

For more:
- here's the article

Related articles:
- Citigroup CEO still elusive
- Whatever happened to succession planning?
- Who will become CEO of Citigroup?