Citigroup Sets CEO Jane Fraser's 2024 Compensation at $34.5 Million
New York, NY - Citigroup has announced the compensation package for Chief Executive Officer Jane Fraser for 2024, totaling $34.5 million.
The compensation structure comprises:
* $1.5 million base salary
* $4.95 million cash incentive
* Deferred incentives accounting for the remaining amount
Citigroup acknowledged Fraser's leadership in streamlining the company's structure and reducing management levels, contributing to improved efficiency and performance. The bank's board of directors expressed confidence in Fraser's ability to drive continued growth and profitability.
This compensation package reflects Fraser's significant contributions and aligns with industry benchmarks for executives at similar financial institutions. Citigroup remains committed to attracting and retaining exceptional talent to lead its operations and deliver value for shareholders and customers.