Societe Generale says two CEOs to leave the bank

Societe Generale says two CEOs to leave the bank

PARIS (Reuters) – Societe Generale, which is seeking a new chief executive, said on Friday that two of its top executives will resign before the end of the year.

France’s third largest listed bank said its director of risk management, Sadia Rick, would leave on November 30 and Caroline Guillaume, its head of human resources and communications, would resign on December 15.

The London-based bank said in a separate statement that Rick, a Societe Generale veteran, will become head of group risk management at Standard Chartered Bank (OTC) focused on Asia and Africa. She will join on February 1, replacing Mark Smith, who will retire at the end of this year.

Rick joined Societe Generale (OTC:) in 1994 and held a series of senior positions in the Corporate and Investment Banking division before being appointed as Chief Risk Officer last year.

Société Générale, who has been at Societe Generale since 2010, will pursue a new career outside of the banking sector, adding that a successor to executives will be announced at a later date.

In May, CEO Frederic O’Dea said he would step down next year after managing the bank for 15 years.

A decision on a new chief executive is expected next month, with the bank’s head of retail networks, Sebastien Proto, and investment banking chief Solomir Krupa seen as the main internal candidates.

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