SocGen's deputy CEO Sammarcelli to retire

Reuters

Updated 17 March 2014 at 1:47 pm

PARIS (Reuters) - Societe Generale, France's No. 2 listed bank, will reduce the number of deputy chief executive officers to two after Jean-François Sammarcelli, head of the French retail business, retires in end-2014.

The board of directors said in a statement that Sammarcelli will step down from his position as deputy CEO on September 1 to become advisor to the chairman.

Bernardo Sanchez Incera will take over the supervision of the French retail banking business in addition to international retail banking and financial services.

The other deputy CEO, Severin Cabannes, will keep his position in charge of finance, risk, global banking and investor solutions.

(Reporting by Maya Nikolaeva; Editing by Leila Abboud)

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