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Citigroup Announces Departure of Michael Carpenter.

Publication: Business Wire
Publication Date: 16-MAR-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
NEW YORK -- Citigroup announced today that Michael Carpenter, 58, Chairman and Chief Executive Officer of Citigroup Alternative Investments (CAI), will be leaving the company to pursue opportunities to create an entrepreneurial venture. Mr. Carpenter expects to be available to assure an orderly transition between now and May 1, 2006.

"After 11 years of playing a key role at Citigroup and its predecessor, Travelers Corp., across a number of businesses, Mike Carpenter has concluded this is the right time to satisfy his longtime interest in building an entrepreneurial venture," said Charles Prince, Citigroup's Chief Executive Officer. "Throughout...

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