SocGen will name new CEO by autumn, chairman tells paper

1 minute read

The logo of Societe Generale is seen on the headquarters at the financial and business district of La Defense near Paris, France, February 4, 2020. REUTERS/Benoit Tessier

Register now for FREE unlimited access to

MILAN, May 24 (Reuters) - French lender Societe Generale (SOGN.PA) will name its new chief executive by autumn, Chairman Lorenzo Bini Smighi said in an interview with Italian daily Il Sole 24 Ore published on Tuesday.

France's third-biggest listed bank CEO Frederic Oudea in a surprise move on May 17 said he would step down next year, bringing to an end what will be a 15-year reign running the lender. read more

Bini Smaghi added in the interview that Oudea would remain at the bank until May 2023.

Register now for FREE unlimited access to
Reporting by Cristina Carlevaro, editing by Agnieszka Flak

Our Standards: The Thomson Reuters Trust Principles.