SANFORD I. WEILL
Sanford I. Weill, one of the best known and most respected businessmen in America, is Chairman and CEO of Citigroup Inc., the diversified global financial services company that was formed on October 8, 1998, by the merger of Citicorp and Travelers Group. He was formerly Chairman and CEO of Travelers.
Mr. Weill became Chairman of Traveler's predecessor, Commercial Credit Company in 1986, successfully leading the company through a public stock offering by its then-parent, Control Data Corporation. Commercial Credit acquired Primerica Corporation in 1988 and adopted its name until 1993, when Primerica acquired The Travelers Corporation and adopted the Travelers Group name. Prior to this, Mr. Weill had been President of American Express Company and Chairman and Chief Executive Officer of its Fireman's Fund Insurance Company subsidiary.
His affiliation with American Express began in 1981 when the company acquired Shearson Loeb Rhoades. Sherson's origins date back to 1960 when Mr. Weill and three partners co-founded its predecessor, Carter, Berlind, Potoma, & Weill. He served as the firm's Chairman from 1965 to 1984, a period which it completed over 15 acquisitions to become the country's second largest securities brokerage firm. In 1993, when Traveler's Group acquired Shearson Lehman Brothers' retail brokerage and asset management businesses, he was reunited with the firm he founded.
A native of Brooklyn, New York, and a 1955 graduate of Cornell University, Mr. Weill became Director of both AT&T Corp. and Dupont in 1998 and United Technologies Corp. in 1999. The 1997 recipient of the Governor's Art Award by New York State, he is Chairman of the Board of Trustees of Carnegie Hall, a post he has held since 1991. He previously served as Co-Chairman of the Steering Committee for the Campaign, which raised $60 million for the Hall's restoration. He is also a Director of the Baltimore Symphony Orchestra.
Mr. Weill is Chairman of the Board of Overseers for The Joan and Sanford I. Weill Medical College and Graduate School of Medical Sciences at Cornell University, having joined the board in 1982 and becoming chair in 1996. For their noteworthy philanthropic support of the university, Cornell named the medical college after the Weills in April 1998. A trustee emeritus of the university, he serves on the Advisory Council of its Johnson Graduate School of Management. In addition, he is a Trustee of New York Presbyterian Hospital, a Governor of New York Presbyterian Healthcare System, Inc., and an Overseer of Memorial Sloan-Kettering Cancer Center. His is Vice Chairman of The Business Council and The Business Roundtable. He served on the Working Group on Child Care, headed by then U.S. Secretary of the Treasury Robert E. Rubin.
Long a staunch proponent of educational and charitable initiatives, Mr. Weill instituted a program with the New York City Board of Education in 1980 that created the Academy of Finance, which trains high school students for careers in financial services. He serves as Chairman of the National Academy Foundation, which oversees 394 Academies that operate across the country, and is the principal sponsor of New York City's High School of Economics and Finance.
The Weills have two children, Marc Weill and Jessica Weill Bibliowicz. Marc is a graduate of Vanderbilt University and the Columbia University Graduate School of Business. Jessica is a 1981 graduate of Cornell University.