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Commerzbank To Nominate Helmut Gottschalk As New Chairman

Commerzbank To Nominate Helmut Gottschalk As New Chairman

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

FRANKFURT: 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.

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first published:March 29, 2021, 01:06 IST