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Originally published Thursday, March 8, 2012 at 3:13 PM

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Citi nominates 2 new board members

Citigroup Inc. is nominating two new members to its board days after its chairman said he will step down.

The Associated Press

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NEW YORK —

Citigroup Inc. is nominating two new members to its board days after its chairman said he will step down.

The bank said Thursday that its board of directors nominated pharmaceutical industry leader Franz Humer and research scholar Joan Spero. The two will stand for election at Citi's annual meeting in April.

Humer, 65, is the chairman of Roche Holding Ltd. and was CEO of the company for 10 years. Spero, 67, is a senior research scholar at Columbia University School of International and Public Affairs.

Citi announced last Friday that chairman Richard Parsons will resign. His departure was expected on Wall Street.

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