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Citigroup executives test positive for COVID, will hold virtual event Wed -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – The logo for Citibank is seen at an exhibit hall in Bangkok (Thailand), May 12, 2016. REUTERS/Athit Perawongmetha

By David Henry

NEW YORK (Reuters) – Citigroup Inc (NYSE): Chief Financial Officer Mark Mason, and Paco Ybarra, investment banking chief have been tested for COVID-19. The company has decided to host its Investor Day as a virtual event on Wednesday rather than in person.

Citigroup sent out an email informing those who were planning to attend the meeting of the changes in their plans. Spokesperson confirmed that the names of executives were correct.

Citigroup executives worked for weeks to make presentations at the Investor Meeting, which was its first since 2005.

For the company that has not been able convince investors to increase its financial performance, the conference is a crucial event.

“While we hoped to host our Investor Day in person, health and safety must be our top priority,” CEO Jane Fraser said in the email.

Fraser stated, “We think a virtual format makes the most sense given our situation.”

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