Commerzbank Nominates New Board Chairman Amid Turmoil at Top
- Gottschalk is former supervisory board chairman of DZ Bank
- Bank says it moved quickly so it can reschedule AGM swiftly
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Commerzbank AG nominated Helmut Gottschalk, formerly at DZ Bank AG, to head its supervisory board in an attempt to put a quick end to a leadership crisis that threatens to derail the bank’s reorganization.
Gottschalk was proposed as a new member of the board, which intends to elect him chairman immediately after his appointment by the annual general meeting, the Frankfurt-based lender said in a statement late Sunday.