On Air Now

Upcoming Shows

Program Schedule »

Tune in to Listen

650 AM Hibbing, Minnesota

Weather

Current Conditions(Hibbing,MN 55746)

More Weather »
70° Feels Like: 70°
Wind: WSW 8 mph Past 24 hrs - Precip: 0.01”
Current Radar for Zip

Tonight

Mostly Clear 49°

Tomorrow

Mostly Sunny 73°

Tues Night

Partly Cloudy 53°

Alerts

  • 0 Severe Weather Alerts
  • 0 Cancellations

Citi names two new board members

People exit a Citibank branch in New York, October 16, 2012. REUTERS/Keith Bedford
People exit a Citibank branch in New York, October 16, 2012. REUTERS/Keith Bedford

(Reuters) - Citigroup Inc added two directors on Monday as Chairman Mike O'Neill moved to provide the board with more experience in corporate information systems and auditing.

Gary Reiner, a former chief information officer at General Electric Co , and James Turley, former chairman and chief executive officer of accounting firm Ernst & Young, were elected to the board, according to an announcement from the company.

O'Neill said two weeks ago that Citigroup might name as many as three new directors to its 11-member board to add skills and share the workload.

The board had been considering naming a new director with technology expertise to better monitor the bank's efforts to improve and integrate its information systems, Reuters reported in early June.

Reiner was chief information officer at GE from 1996 to 2010, when he became an operating partner at private equity firm General Atlantic LLC, Citigroup said. He is also a member of Hewlett-Packard Co's board.

Turley led Ernst & Young from 2001 until his recent retirement. O'Neill said Turley would join the board's audit committee.

(Reporting by David Henry in New York and Tanya Agrawal in Bangalore; Editing by Saumyadeb Chakrabarty and Lisa Von Ahn)

Comments