- Slawomir Krupa, investment banking head at Societe Generale ( OTCPK:SCGLF ), is set to become the new CEO of France's third largest bank, Reuters reported on Friday, citing a report by French daily Le Figaro .
- The decision will be made on Friday at a board meeting, the report added.
- At SocGen's annual shareholder meeting in May, current CEO Frederic Oudea said he would not seek to renew his term as CEO, which expires in May.
- Oudea is among the longest serving CEOs in European banking, the report said. He'd joined SocGen in 1996.
- Oudea will join French pharmaceutical giant Sanofi's board as non-executive chairman .
- He was in favor of finding an internal candidate for the CEO role at SCGLF, the report said.
For further details see:
SocGen investment banking head Slawomir Krupa to be named new CEO: report