Citi chief financial officer Mark Mason to leave bank next year

Core Viewpoint - Citigroup's Chief Financial Officer Mark Mason will step down in early March 2024, transitioning to an executive vice chair and senior executive advisor role, with Gonzalo Luchetti named as his successor [1][3]. Group 1: Leadership Changes - Mark Mason has served as CFO since 2019 and will leave the bank to pursue leadership opportunities outside of Citigroup [3]. - Gonzalo Luchetti, currently head of US personal banking, will take over as CFO after the filing of year-end reports for 2025 in March [4][7]. Group 2: Background and Experience - Mason joined Citigroup in 2001 and described his tenure as CFO as one of the most demanding and fulfilling periods of his career [3]. - Luchetti has a background with JPMorgan Chase and Bain & Company, and has led solid business growth in his current role since 2021 [4][5]. Group 3: Strategic Context - CEO Jane Fraser emphasized the timing of the leadership transition as part of a strategy to prepare for an upcoming investor day in May, where plans for growth will be outlined [5]. - Fraser is currently implementing a turnaround plan focused on cost reduction and operational streamlining [6]. Group 4: Market Reaction - Following the announcement of the management reshuffle, Citigroup's share price was reported at $97.63 [8].