Commerzbank board member to exit, continuing management upheaval

Commerzbank board member to exit, continuing management upheaval

Commerzbank's management shake-up continued on Thursday with the announcement that the board member responsible for private clients, Michael Mandel, would leave the German lender.

Commerzbank AG annual results news conference in Frankfurt
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: Commerzbank's management shake-up continued on Thursday with the announcement that the board member responsible for private clients, Michael Mandel, would leave the German lender.

The decision to accept the resignation offer from Mandel was made at a meeting of the bank's supervisory board on Thursday.

(Reporting by Tom Sims; editing by Thomas Seythal)

Source: Reuters

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