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SocGen’s Survivor CEO Oudea to Step Down After 15-Year Reign

  • Oudea announced surprise decision at AGM in Paris Tuesday
  • CEO is exiting after long-running questions over his tenure
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SocGen CEO Expects Soft Landing for Europe Economy
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Societe Generale SA Chief Executive Officer Frederic Oudea said he will leave the lender next year, bringing to a close a 15-year reign that spans the great financial crisis to Russia’s invasion of Ukraine. 

Oudea, the longest-serving CEO of a major European bank, told shareholders of his surprise decision not to seek reappointment during SocGen’s annual general meeting late Tuesday in Paris. The process to select a new CEO will be completed by next year, the bank said in a statement.