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    Jane N. Fraser

    CEO at Citigroup Inc
    Since March 1, 2021
    Age
    57 years
    Education
    Holds a strong background in finance and business, evidenced by involvement with the Council on Foreign Relations, Harvard Business School Board of Dean’s Advisors, and the Stanford Advisory Board.
    Tenure
    Joined C in 2004 and advanced through leadership roles in strategy, private banking, consumer and Latin America operations, global consumer banking, and as President, before becoming CEO in March 2021.

    Also at Citigroup Inc

    TC
    Titi Cole
    Director
    MALM
    Mark A. L. Mason
    CFO
    PS
    Patrick Scally
    Interim Controller

    About

    Jane N. Fraser is recognized for her extensive experience in the financial industry, having built a career that spans more than two decades at C. She started her journey in 2004 and steadily progressed through multiple leadership positions, gaining expertise in strategy, private banking, consumer operations, and international markets.

    At the helm as the first woman CEO of a major global bank since March 2021, she has steered the company with a focus on risk management, regulatory compliance, and sustainable business practices. Her leadership reflects a blend of strategic vision and operational excellence that has redefined the bank’s approach to global finance.

    In addition to her corporate responsibilities, she plays an active role in influential financial and policy circles through her participation in organizations such as the Council on Foreign Relations, and advisory boards at Harvard Business School and Stanford University. This involvement underscores her commitment to shaping industry trends and advancing financial discourse.

    Overall, her journey is a testament to her dedication, strategic insight, and ability to drive transformative change at C, marking her as a trailblazer in the financial world.

    $C Performance Under Jane N. Fraser

    Past Roles

    OrganizationRoleDate RangeDetails
    Citigroup Inc.President of CitiOctober 2019 - February 2021Former role; held until promotion
    Citigroup Inc.Chief Executive Officer, Global Consumer Banking2019 - 2020Former role
    Citigroup Inc.Chief Executive Officer, Citi Latin America2015 - 2019Former role
    Citigroup Inc.CEO, U.S. Consumer and Commercial Banking and CitiMortgage2013 - 2015Former role
    Citigroup Inc.Global Head of Citi Private Bank2009 - 2013Former role
    Citigroup Inc.Global Head of Strategy and Mergers & Acquisitions2007 - 2009Former role

    External Roles

    OrganizationRoleDate RangeDetails
    Council on Foreign RelationsMemberN/AActive board role
    Harvard Business SchoolBoard Member, Board of Dean's AdvisorsN/AActive board role
    Stanford UniversityAdvisory Board MemberN/AActive advisory role

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary $1.5 millionCashFixed base salary for 2024

    Performance Compensation

    Data from  FY 2024

    Cash Incentive

    DetailsInformation
    Amount$4.95 million
    Percentage15% of total incentive award
    PaymentCash (no vesting schedule)

    *No additional performance metrics or thresholds provided for the cash component. *

    Deferred Incentive

    This component is a blend of Deferred Stock and Performance Share Units (PSUs) with a total incentive award of $33 million.

    Deferred Stock

    DetailsInformation
    Amount$11.55 million
    Percentage35% of total incentive award
    VestingVests ratably over four years subject to performance conditions

    Performance Share Units (PSUs)

    DetailsInformation
    Amount$16.5 million
    Percentage of Total Incentive50%
    Performance Metrics- Weighted Average Return on Tangible Common Equity (50% weight)
    - Cumulative Tangible Book Value Per Share (50% weight)
    Payout Range (Threshold/Target/Cap)0% to 150% of target PSUs; capped at 100% if TSR is negative
    Vesting ScheduleVests after three years (performance period from 2025 to 2027)
    Grant DateFebruary 13, 2025
    Grant Date Fair Value/Stock Price$81.432 (calculated using the five-day average closing price)
    Additional DetailsDividend equivalents accrue and are paid on earned PSUs; PSUs settled in cash

    In summary, the performance compensation for 2024 comprises a cash incentive and a deferred incentive with both fixed and performance-based elements. Actual payouts for the deferred components depend on the achievement of the outlined performance metrics and conditions as detailed above.