Citi Board Director To Exit

Jerry Grundhofer has stepped down from the board of directors of Citigroup and Citibank.

Jerry Grundhofer has stepped down from the board of directors of Citigroup and Citibank. He joined the bank’s board in mid 2009, adds The Wall Street Journal.

Grundhofer also had a short stint on the board of Lehman Brothers, which he joined in April 2008. Formerly, he served as CEO at Star Banc, which he converted via acquisitions into U.S. Bancorp.

Click here for the release from Business Wire.

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