Commerzbank to nominate Helmut Gottschalk as new chairman

FRANKFURT (Reuters) - The German lender Commerzbank said on Sunday that its supervisory board would nominate Helmut Gottschalk as chairman of the bank.

Reuters March 29, 2021 02:05:40 IST
Commerzbank to nominate Helmut Gottschalk as new chairman

Commerzbank to nominate Helmut Gottschalk as new chairman

FRANKFURT (Reuters) - The German lender Commerzbank said on Sunday that its supervisory board would nominate Helmut Gottschalk as chairman of the bank.

It had launched a search for a new chair this month after Hans-Joerg Vetter resigned for health reasons.

The lender is in the middle of a major overhaul, shedding thousands of jobs and closing hundreds of branches.

The search process had a hiccup last week when one candidate for the chair unexpectedly resigned from the board.

(Reporting by Tom Sims and Patricia Uhlig; Editing by Kevin Liffey)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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