Vikram Pandit quits Citigroup
The Board of Directors has unanimously elected Michael Corbat, CEO and a director of the Board, the company said.
The development comes a day after the India born CEO-led the US banking giant reported 88 per cent plunge in net profit at $ 468 million in the July-September quarter.
Nagpur-born Columbia University graduate Pandit, 55, had been the CEO of Citigroup since December, 2007.
Saddened by the current political situation of the country, actress-businesswoman Preity Zinta is thinking about joining politics, as she wants to be part of a movement which can bring a positive change in India's political system.
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