Commerzbank considering CEO candidates

Dog Detective

Commerzbank is considering external and internal candidates to replace Martin Blessing when he steps down as CEO next year, according to people with knowledge of the matter.

Bloomberg News reports that the bank may name a successor as early as the first quarter, said one of the people, who asked to remain anonymous discussing personnel matters.

Blessing, 52, is the latest CEO to join an unprecedented wave of management changes at Europe’s banks and plans to step down when his contract ends next October. He was offered an extension, but turned it down, Commerzbank said in a statement earlier this month.

Commerzbank is emerging from an overhaul after its $19.4bn bailout in the financial crisis and soured investments ranging from shipping loans to Greek government bonds. 

To access the complete Bloomberg News article hit the link below:

Commerzbank Said to Seek External, Internal CEO Candidates

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