Reuters adds former Citigroup chairman Deryck Maughan to board

Source: Reuters

The Board of Reuters Group has appointed Sir Deryck Maughan, former Chairman and Chief Executive Officer of Citigroup International, as a non-executive director with immediate effect.

Sir Deryck Maughan, 57, brings a huge amount of valuable experience from the financial services market. From 1969 to 1979 he served as a member of H.M. Treasury in London and from 1979 to 1983 he worked at Goldman Sachs. He then went on to join Salomon Brothers where he became Chairman and Chief Executive Officer. The Travelers Group acquired Salomon Brothers in 1997, and the following year Travelers merged with Citibank to form Citigroup. Sir Deryck was Vice Chairman of Citigroup and Chairman and Chief Executive Officer of Citigroup International.

Sir Deryck is a non-executive director of GlaxoSmithKline plc. He serves on the Boards of Directors of Carnegie Hall, Lincoln Center and NYU Medical Center in New York. He is a Trustee of the Trilateral Commission and a member of Advisory Councils at Harvard University and Stanford University. He served as Vice Chairman of the New York Stock Exchange from 1996 to 2000 and is a former Chairman of the US-Japan Business Council.

Niall FitzGerald, Chairman of Reuters, said, "I am delighted that Sir Deryck is joining the Reuters board. His enormous experience in financial services, his breadth of vision and formidable ability will be valuable assets to the board as we seek to strengthen and grow the business in the coming years."

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