Danske Names Interim CEO as Borgen Is ‘Relieved of His Duties’
- Shareholders in the bank had demanded Thomas Borgen’s exit
- Denmark’s biggest bank is still looking for a permanent CEO
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Danske Bank A/S has removed its chief executive officer with immediate effect after his role in one of Europe’s worst money laundering scandals left a number of shareholders indignant at his continued presence.
Thomas Borgen was stripped of his CEO title on Monday, after the board appointed insider Jesper Nielsen to take over the job until a permanent replacement is found. Borgen already announced his resignation last month, but had intended to stay on until a long-term successor was named.