Citigroup Chairman Richard D. Parsons is rummored to have made the decision to step down after 3 years of hard work and making significant changes to the company.
63-year old Parsons has been Citigroup director since 1996 and became the chairman in 2009. He is best known for guiding Citigroup out of a terrible financial crisis. Also, he is will known for his responsible roles at Time Warner as Chairman and Chief Executive.
As reported in WSJ.com “With Citigroup out of the woods, Mr. Parsons is said to want to focus on other interests. He is a senior adviser to Providence Equity Partners LLC, a private-equity firm that focuses on the media industry, and is a jazz aficionado.”
