Pompano Beach, FL -- (SBWIRE) -- 01/09/2013 -- After the departure of Vikram Pandit, the new chief executive of Citigroup Inc (NYSE:C) nominated two firm executives to head its institutional and consumer businesses on Monday and made lines of command to give him more straight duty for executives than his forerunner.
Mike Corbat, Pandit’s replacement reported on Monday that investment banker Jamie Forese would be chief of institutional business and co-president of the firm with Manuel Medina-Mora, who would caary on managing global consumer banking and Citi's (C) franchise in Mexico.
Can new CEO bring Citigroup to old highs? Get your answers here
Corbat planned not to fill the post of chief operating officer, which was possessed by John Havens, who moved out when Corbat was ranked on October 16 to substitute Vikram Pandit as CEO.
In January 2011, Pandit had put Havens, an old supporter from their days guiding a hedge fund, in command of daily operations and allocated him charge for many managers so he could aim towards wider objectives.
US Ford Motors (NYSE:F) Philippines unit reported on Wednesday it finished 2012 on a positive note with its “best-ever monthly faring.”
The car manufacturer reported its sales for the December enhanced 33 percent to 1,298 units from 973 in last year. Ford Motors reported that the historic month logged its record best quarterly performance, with 4Q sales higher 42 percent from last year’s figure to 3,771 units.
What Ford executives have to say about robust performance? Find in this report
Buyers were reacting very optimistically to their prolonged Ford family and were really praising the advanced technologies that we give in our motors, our focus on fuel efficacy, quality and safety, and our continuing obligation to give the finest customer experience, Ford Philippines president Randy Krieger reported in a statement.
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