Andrea Jung Joins Salomon Smith Barney's International Advisory Board

Business Wire, Dec 7, 2000

Business Editors

NEW YORK--(BUSINESS WIRE)--Dec. 7, 2000

Citigroup announced today that Andrea Jung, President and Chief Executive Officer of Avon Products, Inc., has joined the International Advisory Board of Salomon Smith Barney. Avon is the world's leading direct seller of beauty and related products.

Andrea Jung was named President and Chief Executive Officer of Avon Products, Inc. (NYSE: AVP) effective November 4, 1999. She had been President and Chief Operating Officer since July 1, 1998. Jung has been a member of Avon's Board of Directors since January 1998. Since joining Avon in 1994, she held a number of positions concentrating on global marketing, research and development and strategic planning.

Ms. Jung is a graduate of Princeton University and serves on the Board of Directors of the General Electric Company and Catalyst. She is a member of the Princeton University Board of Trustees and was named one of the "50 Most Powerful Women in American Business" from 1998-2000 by Forbes magazine.

Donald Rumsfeld, Chairman of Salomon Smith Barney's International Advisory Board, stated, "We are delighted that Andrea has joined us. She will be a tremendous asset to the Board and we are looking forward to her contributions."

The International Advisory Board is comprised of a number of the world's foremost business, financial, and former government leaders. Working collaboratively, they consult with the company's Investment Banking division on strategic issues related to economics, growth, the political and social environments of principal markets and industries, and overall business development.

The Board is chaired by Mr. Rumsfeld, Chairman of Gilead Sciences, Inc. and former U.S. Secretary of Defense. Its membership includes:

-- Umberto Agnelli, Chairman of IFIL S.p.A.

-- Sir Peter Bonfield, Chief Executive of British Telecommunications plc

-- John L. Clendenin, former Chairman and CEO of BellSouth Corporation

-- Ralph S. Larsen, Chairman and CEO of Johnson & Johnson

-- Goran Lindahl, President and CEO of ABB Ltd.

-- Thomas S. Murphy, former Chairman and CEO of Capital Cities/ABC, Inc.

-- John S. Reed, former Chairman and Co-CEO of Citigroup Inc.

-- Robert E. Rubin, Member of the Office of the Chairman and Chairman of the
Executive Committee of Citigroup Inc.

-- Dr. Eisuke Sakakibara, Professor of Keio University and former Vice Minister
of Finance for International Affairs in Japan's Ministry of Finance.

- Prof. Dr. Ekkehard Schulz, Chairman of the Executive Board of ThyssenKrupp AG


-- Morris Tabaksblat, Chairman of Reed Elsevier plc, and Former Chairman and
CEO of Unilever NV

-- Sanford I. Weill, Chairman and CEO of Citigroup Inc.

-- Lorenzo Zambrano, Chairman and CEO of CEMEX, S.A. de C.V.

-- Alfred M. Zeien, former Chairman and CEO of The Gillette Company

The Advisory Board was formed in May 1999, and will be supplemented with additional members from other geographical areas including Asia, South America, and the emerging countries.

Citigroup's Global Corporate and Investment Bank brings together Citibank, the world's most global corporate bank, and Salomon Smith Barney, a leading global investment bank and securities brokerage firm. Together they provide complete financial solutions to corporations, governments, institutions and individuals in 100 countries. Award-winning businesses include corporate and investment banking services, investment advice, financial planning and commercial insurance products.

Citigroup (NYSE:C), the most global financial services company, provides some 100 million consumers, corporations, governments and institutions in 100 countries with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage and asset management. The 1998 merger of Citicorp and Travelers Group brought together such brand names as Citibank, Travelers, Salomon Smith Barney, Commercial Credit (now named CitiFinancial), and Primerica under Citigroup's trademark red umbrella. Additional information may be found at: www.Citigroup.com.