Ceo Of Ailing Commerzbank Offers To Resign, Chairman Quits

BERLIN (AP) — Germany's ailing Commerzbank says its chief executive, Martin Zielke, has offered his resignation and its chairman has announced he's stepping down next month. In a statement Friday after market trading ended, Commerzbank said a recommendation was made to “mutually terminate” Zielke's appointment as board member and chairman of the board of managing directors by the end of the year at the latest. Zielke was appointed chief executive in 2016. The bank also said that Stefan Schmittmann would resign as chairman of the supervisory board with effect from Aug.Read more on NewsOK.com

Topics:  berlin ap     germany   martin zielke   stefan schmittmann   aug   newsok   in   commerzbank   zielke   resign   chairman   board   executive   chief   

 

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