Posted: Jan 27, 2017
(L to R): Tim Murphy, The Thomas Stephenson Family Head Coach for Harvard Football, Brian Hehir '75, the chair of Friends of Harvard Football, Michael Corbat '83 and Bob Scalise, The John D. Nichols '53 Family Director of Athletics, at the IFA reception Thursday evening (Mike McLaughlin).
NEW YORK — Harvard Athletics and the Ivy League honored the lifelong contributions of Michael Corbat '83 during the 2017 Ivy Football Association Dinner Thursday night at the Sheraton Times Square.
The IFA Dinner, led by co-masters of ceremonies Chris Berman, a 1977 Brown graduate and ESPN personality, and award-winning journalist Jack Ford, a 1972 graduate of Yale, recognized the on- and off-field achievements of Corbat and the seven other 2017 IFA honorees: Robert Pangia (Brown '73), Javier Loya (Columbia '91), Joseph Holland (Cornell '78), Dr. Thomas Clarke (Dartmouth '66), John Doman (Penn '66), Robert Casciola (Princeton '58) and Gary Fencik (Yale '76).
Corbat, the Chief Executive Officer of Citigroup, graduated from Harvard with a bachelor's degree in economics in 1983. As an offensive guard for the Crimson, Corbat was selected as a first team All-American in 1982 and a first team All-Ivy League honoree in both 1981 and 1982. Known for his reluctance to dwell on personal accomplishments while at Harvard, Corbat had attributed the success of the Crimson's 1982 season to "everybody on the team being a leader" as well as the strong "team chemistry."
Prior to his current role as chief executive, Corbat was CEO of Citigroup's business operations in Europe, the Middle East and Africa. Corbat also served as the CEO of Citi Holdings, Citigroup's portfolio of non-core businesses and assets. In this role, he oversaw the divestiture of more than 40 businesses and divested more than $500 billion of assets, reducing risk on the Company's balance sheet and freeing up capital to invest in Citigroup's core banking business. Corbat has also served as the CEO of Citigroup's Global Wealth Management unit and was Head of the Global Corporate and Global Commercial Bank at Citigroup. Corbat has been honored by several civic and cultural organizations, including the New York Public Library, the Metropolitan Museum of Art and the American Red Cross. He also serves as Vice Chair of the Partnership for New York City and sits on the Board of Trustees of the United States Ski and Snowboard Association, the national governing body for Olympic skiing.
Corbat was also selected as a Kodak first team All-American in 1982 and was honored with the Joseph E. Wolf Award, for the team's outstanding interior guard, in 1982.