Succession planning

Bank's profits grow 5% on earnings growth; Citi's number 2 exec retirement shows the difficulty retaining a host of top executives.

Jamie Forese, long considered the potential successor to Citigroup Chief Executive Officer Michael Corbat, is departing after 34 years at the firm.

Tanya Hobson will take over for Mechelle Johnson, who will step down in June after 24 years at the helm of the South Dakota-based institution.

The resignation of Wells Fargo CEO Tim Sloan represented more troubles for an already scandal-ridden financial institution.

Credit unions have promoted and hired employees in a variety of areas, including membership experience and operations, marketing, real estate lending and collections.

The companies had planned to make Chemical CEO David Provost the new leader before October's market gyrations led them to break off talks. When they revisited the deal, several things changed — including Provost's role.

Hood was recently confirmed to the board after having previously served with the regulator from 2005 to 2010. He takes over for Mark McWatters, who often generated controversy.

Since Wells Fargo’s phony-accounts scandal broke in 2016, the bank has appeared contrite in public. In private, it’s a different story.

Mark Fierro, who was previously the CUSO's chief operations officer, was named as interim CEO late last year.

Bonnie Lee will succeed C.G. Kum, who is retiring as CEO next month.