John Havens To Be Named Citigroup President: Report

Citigroup Inc plans to name John Havens as president and chief operating officer as part of a structural overhaul to address the bank’s efforts to expand, the Wall Street Journal said.The promotion of Havens, a longtime colleague of Chief E…

Citigroup Inc plans to name John Havens as president and chief operating officer as part of a structural overhaul to address the bank’s efforts to expand, the Wall Street Journal said.

The promotion of Havens, a longtime colleague of Chief Executive Vikram Pandit, will cut the number of executives reporting directly to Pandit by half from a current 18, the Journal said, citing people familiar with the matter.

The new lineup could also speed up decision making, the sources told the paper.

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