Denmark Loses Only Female CEO at Major Bank as Frosig Retires
- Sydbank’s chief will retire after 13 years as head of the bank
- Frosig favored gender quotas citing poor progress on diversity
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Denmark will lose the only female chief executive officer among its large banks as Karen Frosig decided to step down from her position at Sydbank A/S from next year.
A successor has already been found and will be announced at a later date, the lender said in a statement on Friday. Frosig, 65, had expressed a wish to retire, it said.