Oct. 19 (Bloomberg) -- The supervisory board of Groupe Caisse d'Epargne, the French customer-owned bank that announced a 600 million-euro ($807 million) trading loss this week, ousted its chairman and chief executive officer.

Charles Milhaud, chairman of the management board, will be replaced by Bernard Comolet, while Alain Lemaire will become the new chief executive officer, replacing Nicolas Merindol, Caisse d'Epargne said today in an e-mailed statement. The supervisory board of Caisse d'Epargne also accepted the resignation of Chief Financial Officer Julien Carmona, the Paris-based lender said.

To contact the reporters on this story: Anne-Sylvaine Chassany in Paris achassany@bloomberg.net; Fabio Benedetti-Valentini in Paris at fabiobv@bloomberg.net

Last Updated: October 19, 2008 17:50 EDT