Bank One's Dimon Offers Former Colleague at Citi a Consulting Role
CHICAGO - Former Citigroup Inc. executive William I. Campbell has been approached by Bank One Corp. president and chief executive officer James Dimon to do consulting work for Bank One.Bank One spokesman Thomas Kelly said Mr. Dimon and Mr. Campbell have been talking but that there is no formal relationship yet.
Mr. Dimon was president of Citigroup until his ouster in fall 1998, the year Citicorp and Travelers Group merged to form Citigroup. Mr. Campbell resigned late last year as executive vice president and co-head of Citigroup's global consumer banking operations.
All eyes have been on Mr. Dimon, who is in his first month at Bank One. Many observers expect that he will recruit from outside the company to fill a number of executive vacancies, and perhaps add a job or two. The open positions will soon include chief financial officer; current CFO Robert Rosholt said last week that he is resigning in May.
Mr. Campbell, a onetime chairman of Philip Morris USA, where he spent 28 years, was recruited to Citicorp in 1996 by John S. Reed to head global branding.
Mr. Reed, who retired last week as chairman and co-chief executive officer of Citigroup, had a history of hiring nonbankers and letting them take on big projects. Mary Alice Taylor was brought in from Federal Express in 1997 and named executive vice president and head of Citi's operations. She resigned last year. Edward Horowitz was hired from Viacom in 1997 and is now executive vice president and head of e-Citi.
- Lisa Fickenscher
Amsouth Shakes Up Exec Ranks As 1st American Integration Ends
BIRMINGHAM, Ala. - Amsouth Bancorp on Tuesday announced that it plans a top-management reshuffling in anticipation of completing its integration with the former First American Corp.Sloan D. Gibson, who has been overseeing the integration since Amsouth's merger with Nashville-based First American in October, will be vice chairman and chief financial officer of the combined company and move from Nashville to Birmingham. Mr. Gibson, who was CFO of Amsouth, has been acting head of operations in Tennessee, Mississippi, and Louisiana.
Samuel M. Tortorici, who has been CFO during the integration, is to be head of corporate banking. Mr. Tortorici ran regional corporate banking at Amsouth.
Beth Mooney, currently president of Bank One in Ohio, has been hired to head Tennessee operations.
The changes are to take effect May 15, when the integration is slated to wrap up, the company said. Amsouth has $42 billion of assets and 660 branch offices.
