Vikram Pandit Becomes CEO of Citigroup

December 11, 2007

The Department is pleased to note that Vikram Pandit was named Chief Executive Officer of Citi and chairs the Citi Business Heads, Management and Operating Committees as of December 11, 2007. He also serves on the boards of Columbia University, Columbia Business School, the Indian School of Business, and Trinity School. He is a former board member of NASDAQ, the New York City Investment Fund, and the American India Foundation. He earned a PhD in Finance from Columbia University in 1986. He also received an MS degree in 1977 and a BS degree in electrical engineering in 1976 from Columbia. He and his wife Swati reside at Central Park West and 81st Street