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Commerzbank nominates new chairman amid big revamp - Metro US

Commerzbank nominates new chairman amid big revamp

FILE PHOTO: A company logo is pictured at the headquarters of Germany's Commerzbank

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)

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