Citigroup CEO Jane Fraser named U.S.-Saudi Business Council co-chair

(Reuters) -The U.S.-Saudi Business Council has named Citigroup CEO Jane Fraser as U.S. co-chair of its board, representing the United States. Fraser replaces Steve Demetriou, former CEO of engineering contractor Jacobs, who held the role from 2018 to 2024. Lubna Olayan, chair of the Olayan Group, was also named co-chair representing Saudi Arabia. Founded in 1993 as a spin-off of the U.S.-Saudi Arabian Joint Economic Commission, the council promotes bilateral business ties between Saudi Arabia and the Un ...