Hypo Real Estate CEO quits, Andreas Arndt coordinates board for now

FRANKFURT, June 3 Tue Jun 3, 2014 5:04pm EDT

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FRANKFURT, June 3 (Reuters) - The chief executive of bailed-out German lender Hypo Real Estate (HRE), Manuela Better, is stepping down, the bank said in a statement late on Tuesday.

Executive Board member Andreas Arndt will, until further notice, coordinate the work of the management board, it added. (Reporting by Arno Schuetze; Editing by Kevin Liffey)