The board of Citigroup Inc. elected Deborah Wright as a new independent director effective Jan. 1, 2017.

Wright has served as chairman of New York-based Carver Bancorp Inc. and unit Carver Federal Savings Bank since 2005 and will retire at the end of this year. She was the president and CEO of Carver Bancorp and its unit from 1999 to 2014.

Wright also serves on the boards of Time Warner Inc. and Voya Financial Inc.