BERLIN Commerzbank AG
Sunday said the head of its retail unit will become its new chief executive, succeeding one of the very last acting leaders of a European bank that tapped taxpayers in the financial crisis.
The supervisory board of Germanys second largest lender named Martin Zielke as the new chief executive effective May 1.
“He enjoys the trust of the entire supervisory board. Mr. Zielke has a long and extensive experience in the private and corporate customer businesses, and in the finance function. He managed the turnaround of the banks private customers busin…
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