Commerzbank CEO Shakes Up C-Suite In His First Month

A month into his new role and a day after announcing an aggressive revamp strategy, Commerzbank’s new CEO Manfred Knof is moving around the senior leadership team and planning role reductions, Bloomberg reported on Friday Germany’s second-largest bank is planning to cut jobs directly below the management board, according to an internal memo seen by Bloomberg, and executives affected by the changes have already been informed.
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