Group 1 - Citigroup CFO Mark Mason will step down in early March 2026, transitioning to the role of executive vice chair and senior executive advisor to CEO Jane Fraser [1][2] - Gonzalo Luchetti, head of U.S. personal banking, will succeed Mason as CFO, with Mason expressing confidence in Luchetti and the team's ability to advance Citi's momentum [2][3] - Mason's long-term ambition is to become a CEO, reflecting a trend where CFOs are increasingly moving into CEO roles, with 7.5% of sitting CEOs in 2023 having previously served as CFOs [3][5] Group 2 - Citi will combine parts of its U.S. retail banking business with its wealth management operation, and Morningstar raised its fair value estimate for Citi to $90 per share from $82 due to a more optimistic outlook for net interest income growth [4] - Kenneth Chenault, a former CEO, highlighted Mason's qualifications as a potential CEO, noting his operational capabilities and strategic leadership during critical periods in Citi's history [6][7]