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SocGen’s Incoming CEO to Face Staff Doubts on Strategy From Day One

  • Only 40% of workforce thinks strategy going in right direction
  • Slawomir Krupa to replace outgoing CEO Frederic Oudea in May
Updated on

One of the first challenges that Societe Generale SA’s incoming chief executive officer Slawomir Krupa will face this year is convincing staff that the bank is on the right track. 

Only 40% of the French lender’s employees agree with its strategic direction, according to the results of an annual internal survey seen by Bloomberg News. That’s less than the 43% recorded last year, and far below the 75% score seen across the financial industry in a broader poll conducted by Ipsos. Among the bank’s top 1,400 managers, that figure rose to 80%.