Sandy Weill ’55 stepped down as chairman and a director at Citigroup yesterday. He made the announcement before hundreds at the annual shareholders meeting in New York, naming Charles Prince as his successor in the chairmanship. Prince had replaced him as chief executive in October 2003.
“Sandy has made a huge difference,” Prince said in a statement. “He has given his heart and soul to make Citigroup the great organization it is today, over years that saw our company grow like no other in the history of our industry and become the most successful financial services organization ever put together.”
Weill endowed Cornell’s medical school in 1998, and he served as a Cornell trustee for many years. The medical school is now officially the Joan and Sanford I. Weill Medical College and Graduate School of Medical Sciences.
Archived article by Sun Staff