Citigroup Inc.
ROBERT WILLUMSTAD is stepping down as president, chief operating
officer Chief Operating Officer (COO)
The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. and a member of the board of CITIGROUP INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic.
Antonym: dec. ., the company said.
Willumstad, 59, said he is leaving Citigroup to seek a chief
executive position with a public company. Citigroup said it doesn't
intend to name a successor for Willumstad in his management positions.
He was named president of Citigroup in 2002 and joined the board in
2003. He became COO in 2003 and oversaw o·ver·saw
v.
Past tense of oversee. the sale of Travelers Life &
Annuity annuity: see insurance.
annuity
Payment made at a fixed interval. A common example is the payment received by retirees from their pension plan. There are two main classes of annuities: annuities certain and contingent annuities. to MetLife Inc.
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