Societe Generale has named Lorenzo Bini Smaghi as chairman of the Board of Directors and Frédéric Oudea as CEO.
This change in corporate governance meets the requirements applicable to banks in Europe.
“Taking place just after the Group successfully joined the European Banking Union, and in an increasingly demanding economic, competitive and regulatory environment, it will allow Societe Generale to continue implementing its strategy and its transformation,” the company said.
In the next ordinary shareholders’ meeting, SocGen will also propose to renew the terms of office of:
Kyra Hazou, independent Director,
Ana-Maria Llopis-Rivas, independent Director, and