BREAKING NEWS FROM CNBC’S KATE KELLY: CITI SECURITIES CHIEF FORESE INFORMALLY OFFERED COO
WHEN: Today, Friday, October 19, 2012
WHERE: CNBC's "Closing Bell"
Following is the unofficial transcript of breaking news from CNBC's Kate Kelly. All references must be sourced to CNBC.
KATE KELLY: CONFUSION SEEMS TO BE RAINING AT CITIGROUP WHERE CEO VIKRAM PANDIT RESIGNED UNEXPECTEDLY EARLIER THIS WEEK. I'M TOLD THAT IN THAT WAKE, SECURITIES AND BANKING CHIEF JAMES FORESE WAS OFFERED THE NUMBER TWO SPOT, ONCE OCCUPIED BY JOHN HAVENS. THAT WOULD BE THE PRESIDENT AND COO ROLE. THIS HAPPENED IN AN INFORMAL CONVERSATION WITH BOARD MEMBERS RIGHT AFTER PANDIT RESIGNED I'M TOLD. BUT THE JOB IS NOT SOMETHING FORESE APPARENTLY WANTS TO PURSUE RIGHT NOW. AND NOW IT APPEARS THAT GLOBAL CONSUMER BANKING CHIEF MANUEL MEDINA-MORA MAY GET IT INSTEAD. AT THE SAME TIME, CITI IS CONSIDERING DOING AWAY WITH THAT POST ALTOGETHER – THAT PRESIDENT COO JOB. BUT NOBODY SEEMS IN A RUSH TO ORGANIZE THE MOVING PARTS.
ith CNBC in the U.S., CNBC in Asia Pacific, CNBC in Europe, Middle East and Africa, CNBC World and CNBC HD , CNBC is the recognized world leader in business news and provides real-time financial market coverage and business information to approximately 390 million homes worldwide, including more than 100 million households in the United States and Canada. CNBC also provides daily business updates to 400 million households across China. The network's 16 live hours a day of business programming in North America (weekdays from 4:00 a.m. - 8:00 p.m. ET) is produced at CNBC's global headquarters in Englewood Cliffs, N.J., and includes reports from CNBC News bureaus worldwide.
CNBC also has a vast portfolio of digital products which deliver real-time financial market news and information across a variety of platforms. These include CNBC.com, the online destination for global business; CNBC PRO, the premium, integrated desktop/mobile service that provides real-time global market data and live access to CNBC global programming; and a suite of CNBC Mobile products including the CNBC Real-Time iPhone and iPad Apps.
Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at http://www.nbcumv.com/mediavillage/networks/cnbc/