hursday June 1, 9:37 am Eastern Time
Bank One taps Citigroup exec Scharf as
CFO
CHICAGO, June 1 (Reuters) - Bank One Corp. (NYSE:ONE - news)
said Thursday Charles Scharf was named chief financial officer, as
new chief executive Jamie Dimon again looked to former employer Citigroup (NYSE:C - news)
to fill a key management post at the nation's fifth-largest bank holding company.
Scharf, 35, had been chief financial officer of Citigroup's Global Corporate and Investment Bank
and had been chief financial officer at Salomon Smith Barney before the 1998 merger that
formed Citigroup. Scharf replaces Robert Rosholt, who resigned as chief financial officer
effective May 1.
In May, Dimon hired former Citigroup colleague Michael Cavanagh as senior vice president of
strategy and planning and named William Campbell, former head of global consumer business at
Citigroup, as a senior advisor.
Dimon, who had been ousted as president of Citigroup in late 1998, took over the reins at
struggling Bank One in March. Before his arrival, the company had been stung by problems at its
credit card unit, which caused it to repeatedly warn of lower earnings in 1999 and early 2000. |
