Home Finance SocGen will name new CEO by autumn, chairman tells paper

SocGen will name new CEO by autumn, chairman tells paper

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The brand of Societe Generale is seen on the headquarters on the monetary and enterprise district of La Protection close to Paris, France, February 4, 2020. REUTERS/Benoit Tessier

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MILAN, Could 24 (Reuters) – French lender Societe Generale (SOGN.PA) will title its new chief govt by autumn, Chairman Lorenzo Bini Smighi stated in an interview with Italian each day Il Sole 24 Ore revealed on Tuesday.

France’s third-biggest listed financial institution CEO Frederic Oudea in a shock transfer on Could 17 stated he would step down subsequent 12 months, bringing to an finish what might be a 15-year reign working the lender. learn extra

Bini Smaghi added within the interview that Oudea would stay on the financial institution till Could 2023.

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Reporting by Cristina Carlevaro, modifying by Agnieszka Flak

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