Citigroup announced Monday that John Dugan, a former comptroller of the currency, has been elected to its board of directors.
Dugan, 62, was named head of the Office of the Comptroller of the Currency by President George W. Bush in 2005 and served in the post until 2010. He led the agency during the financial crisis and had a hand in the creation of the Troubled Asset Relief Program.
He recently retired from the law firm Covington & Burling, where he advised banks and financial institutions. Dugan had been legal counsel to Citigroup’s board since 2015.
Citigroup also announced Monday that it has appointed Leslie Ireland to its board. Ireland, 58, is a former assistant secretary for intelligence and analysis at the Treasury Department. Ireland also previously worked for the Central Intelligence Agency.
“Cybersecurity and anti-money laundering are top priorities for the company,” Citigroup Chairman Michael O’Neill said in a news release. “Leslie's extensive experience working to protect the integrity of the financial system will support this critical work. John has a deep understanding of our industry from his exceptional experience working with financial institutions. I know that both will make valuable contributions as members of the board."
Dugan and Ireland will join the Citigroup board immediately, raising the number of directors to 16. Each is classified as an independent director.