04:56 PM EST, 11/20/2025 (MT Newswires) -- Citigroup ( C ) said late Thursday it initiated the transition of the chief financial officer role.

Gonzalo Luchetti will succeed Mark Mason, who will remain CFO until March 2026 before becoming the executive vice chair, the company stated.

Citi's retail bank will be integrated into the wealth unit, which will be led by Kate Luft, who will be appointed as the head of US retail banking and Citigold, according to the company.

Branded cards and retail services businesses will also be combined to form US consumer cards, which will be led by Pam Habner.