Not unexpectedly, Citigroup (C) Chairman Richard Parsons will leave the board after 16 years...

|About: Citigroup Inc. (C)|By:, SA News Editor

Not unexpectedly, Citigroup (C) Chairman Richard Parsons will leave the board after 16 years (and three as its chief). Michael O'Neill, former CEO of Bank of Hawaii, is expected to succeed Parsons in an April 17 election. The takeaway: It likely means Parsons thinks the bank is finally on solid ground.