Unicredit's Orcel Plans to Oust Commerzbank CEO and Replace 10 Board Members
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Unicredit's CEO Andrea Orcel is reportedly planning to take control of Commerzbank by replacing 10 board members. Sources indicate that Orcel aims to oust the current CEO as early as January.
The move reflects Orcel's strategic intentions for Commerzbank, as he seeks to implement significant changes within the organization in the coming months.
UnicreditCommerzbankAndrea Orcel
Sources
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“Italian executive aims to replace 10 board members and oust CEO as soon as January, say people familiar with plans”
FT — Unicredit’s Orcel moves to seize control of Commerzbank within months