Charles Prince

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This image is a cropped photograph of Charles Prince and Brazlian President, Luiz Inácio Lula da Silva
This image is a cropped photograph of Charles Prince and Brazlian President, Luiz Inácio Lula da Silva

Charles O. "Chuck" Prince, III, born January 13, 1950, is the former chief executive officer (CEO) and chairman of Citigroup.[1][2] He succeeded Sandy Weill as the CEO of the firm in 2003, and as the Chairman of the Board in 2006.[2] On November 4th, 2007 he retired from both his CEO and chairman duties due to unexpectedly poor 3rd quarter performance, mainly due to CDO and MBS related losses.

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Charles O. Prince III, was born in Lynwood, California on 13 January, 1950.[1] Prince went to the University of Southern California for his Bachelor's degree, Master's degree, and Juris Doctor.[1] He continued his education going on to receive a Master of Law degree from Georgetown University.[1]

The son of a plasterer and a housewife, Prince started his career as an attorney with U.S. Steel Corp in 1975.[1] In 1979, he joined Commercial Credit Company, a predecessor to Citigroup that Sandy Weill took over in 1986.[1][3] He was promoted in 1996 to Executive Vice President of the firm, which by this point was known as the Travelers Group, now a wholly owned subsidiary of Citigroup.[4] In 2000, shortly following the 1998 merger of Travelers and Citigroup, Prince was named Chief Administrative Officer of the newly created firm, Citigroup.[5][4] He was subsequently promoted to Chief Operating Officer in 2001, to CEO and Chairman of Citi Markets and Banking in 2002, and finally to CEO and Chairman.[4]

Prince is currently married to Margaret L. Wolff.[6] The couple was wed on September 20, 2003 at The Pierre Hotel in New York City.[6] Semi-retired Judge Robert W. Sweet presided over the ceremonies.[6]

Prince currently serves in the influential trade group the Financial Services Forum, as well as a member of the Council of Foreign Relations, the Business Roundtable, and several other organizations.[2] Along with his directorship on the Citigroup board, Prince has served as a member of Johnson & Johnson's board since February 13, 2006.[7] He also serves as a trustee for several education institutions including Weill Medical College, Teachers College, and The Juilliard School.Cite error 3; Invalid tag; invalid names, e.g. too many

  1. ^ a b c d e f NNDB Profile: Charles Prince. Retrieved on 2007-10-04.
  2. ^ a b c Forbes: Charles Prince Profile. Retrieved on 2007-10-04.
  3. ^ Sanford Weill Profile. Retrieved on 2007-10-04.
  4. ^ a b c Citigroup: Charles Prince. Retrieved on 2007-10-04.
  5. ^ Financial Powerhouse. Retrieved on 2007-10-04.
  6. ^ a b c WEDDINGS/CELEBRATIONS; Margaret Wolff, Charles Prince. Retrieved on 2007-10-06.
  7. ^ Business Week: Charles Prince. Retrieved on 2007-10-05.

v • d • e
Citigroup
Brands: Banamex • Citibank • Citicapital • CitiFinancial • Citigold • Citi Private Bank • Citigroup Venture Capital • Diners Club • Egg • Primerica • Salomon Brothers • Smith Barney • Quilter
Key people: Vikram Pandit • Al-Waleed bin Talal • Robert Rubin • Sandy Weill • Sir Winfried Bischoff • Gary Crittenden • Sallie Krawcheck • William R. Rhodes • Lewis B. Kaden
Notable former executives: Chuck Prince • Jamie Dimon • Ahmed Fahour • Stanley Fischer • Lewis Glucksman • Thomas W. Jones • Victor Menezes • Samuel Osgood • John Reed • James Stillman Rockefeller • William Rockefeller • Moses Taylor • Sandy Weill • Robert B. Willumstad • Walter B. Wriston
Corporate Directors: Michael Armstrong • Alain Belda • George David • Kenneth T. Derr • John M. Deutch • Roberto Hernández Ramírez • Ann Jordan • Klaus Kleinfeld • Andrew N. Liveris • Dudley Mecum • Anne Mulcahy • Richard Parsons • Chuck Prince • Judith Rodin • Robert Rubin • Franklin A. Thomas • Sandy Weill
Local entities: Canada • China • Hong Kong • Japan • Malaysia • Mexico • Singapore
Annual revenue: $146.7 billion USD · Employees: 332,000 · Stock Symbol: NYSE: C and TSE: Citi · Website: www.citigroup.com
Retrieved from "http://en.wikipedia.org/wiki/Charles_Prince"
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