FRANKFURT (Reuters) – 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.
(Reporting by Tom Sims and Patricia Uhlig; Editing by Kevin Liffey)