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Credit Suisse expected to announce Koerner as CEO, replacing Gottstein – sources

07/27/2022

Less than a minute

2022.07.27 02:53

Credit Suisse expected to announce Koerner as CEO, replacing Gottstein - sources
FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at a branch office in Zurich, Switzerland, November 3, 2021. REUTERS/Arnd WIegmann

NEW YORK (Reuters) – Credit Suisse Group AG is expected to announce Ulrich Koerner as its new chief executive officer, replacing Thomas Gottstein, two sources familiar with the situation said on Tuesday.

Pressure has been mounting on Gottstein for months over major scandals and losses racked up during his two-year tenure that have hammered shares and angered investors.

Source

07/27/2022

Less than a minute