John Deutch is stepping down from Citigroup’s board of directors, The Wall Street Journal reports. Deutch, who joined Citi’s board in 1996 after leading the Central Intelligence Agency, is planning not to stand for re-election at the group’s annual shareholder meeting in April.
With Deutch’s departure, Citi is likely to restructure its board, which includes former AT&T CEO, Michael Armstrong, Chairman of Alcoa, Alain Belda and Dow Chemical CEO, Andrew Liveris. It has added new directors that include Jerry Grundhofer, a former CEO of U.S. Bancorp, along with Michael O’Neill, former CEO of Bank of Hawaii.
