Societe Generale says two senior executives to leave bank

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Stock Markets 24 minutes ago (Sep 23, 2022 07:06AM ET)

Societe Generale says two senior executives to leave bank © Reuters. The logo of Societe Generale Private Banking is seen at an office building in Zurich, Switzerland March 25, 2022. Picture taken March 25, 2022. REUTERS/Arnd Wiegmann

PARIS (Reuters) -Societe Generale, which is seeking a new chief executive, said on Friday two senior female executives would be stepping down before the end of the year.

France’s third-biggest listed bank said Chief Risk Officer Sadia Ricke would leave on Nov. 30 and Caroline Guillaumin, the head of human resources and communication, would quit on Dec. 15.

Ricke, a SocGen veteran, will become group chief risk officer of Asia and Africa-focused bank Standard Chartered (OTC:), the London-based bank said in a separate statement. She will join on Feb. 1, replacing Mark Smith, who retires at the end of this year.

Ricke joined Societe Generale (OTC:) in 1994 and held a series of senior positions within the corporate and investment banking division before being appointed as chief risk officer last year.

Guillaumin, who has been at SocGen since 2010, will pursue a new career outside the banking sector, SocGen said, adding the successors to the two executives would be announced at a later date.

In May, Chief Executive Frederic Oudea said he would step down next year after running the lender for 15 years.

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

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