Commerzbank looks externally for CEO: source
Tweet
Share
E-mail
FILE PHOTO: A company logo is pictured at the headquarters of Germany's Commerzbank AG during the annual results news conference in Frankfurt, Germany, February 13, 2020. REUTERS/Ralph Orlowski
FRANKFURT (Reuters) - Commerzbank
Commerzbank's chairman and its chief executive stepped down in July, bowing to demands from top shareholder Cerberus that the lender change its strategy to stop a downward spiral in its financial performance.
The bank has found a chair, but the search for CEO is a work in progress. That is putting a strategy revamp on hold.
The board met on Wednesday and discussed the search, the person said.
The person said the search will include external candidates to ensure options and to study the market.
Commerzbank declined to comment.
(Reporting by Hans Seidenstuecker; Writing by Tom Sims; Editing by Sabine Wollrab and David Evans)
Create E-mail Alert Related Categories
ReutersRelated Entities
Cerberus CapitalSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
