Connections Create Competition Between Pandit and Willumstad for Citigroup CEO Position
Analysts and investors are sitting on the edge of their seats as the Citigroup Board of Directors prepares to appoint its new Chief Executive. The vote will come after five weeks of searching in an effort to replace recently ousted Citigroup CEO Charles Prince (see article by David Enrich in The Wall Street Journal). The front runner appears to be Vikram Pandit, head the Citigroup’s investment bank and alternative-investments business (see October 23 NewsVisual article), though analysts aren’t ruling out the possibility that former Citigroup President Robert Willumstad could eventually nab the CEO position.
NewsVisual created an IntellectSpace Knowledge Map of Willumstad’s past and present corporate and organizational affiliations. Given his long history in finance, Willumstad could have the experience to give him the upper hand in securing the vote from Citigroup’s board.
As clearly illustrated in this Knowledge Map, Willumstad has considerable corporate leadership experience as well as membership to organizational entities. He has been the Chairman of American Insurance Group (AIG) since departing Citigroup as President and Chief Operating Officer, and he is also shown to have former leadership ties with MasterCard, Commercial Credit Company and SC Johnson.
Willumstad has also held non-corporate leadership positions with major organizations and educational institutions, including Habitat for Humanity, the Financial Services Roundtable and Adelphi University.
Despite Willumstad’s extensive connections and experience, Pandit’s link to Morgan Stanley could be recognized as a major asset to Citigroup’s Directors.
Regardless of who actually does obtain the open CEO position, he will likely take full advantage of his past experience and connections to bring a significant turnaround to Citigroup.
(Note: the information contained and presented in Knowledge Maps is public information from the Securities and Exchange Commission of the United States of America).
Click here or copy these links into your Internet Explorer browser for interactive versions of these IntellectSpace Knowledge Maps:
Robert Willumstad: http://nv.intellectspace.com
Vikram Pandit: http://nv.intellectspace.com/ispace/GuestMonitor.aspx?id=bda06ac6-ac7e-4289-9c72-4e2f8d6484cf
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