By Joshua Kirby
Societe Generale shareholders approved all resolutions at the bank’s annual meeting, including the appointment of new Chief Executive Slawomir Krupa to the board.
The meeting, held Tuesday, saw the approval of a dividend payout of EUR1.70 a share, last year’s accounts and executive compensation policy, the French lender said.
Krupa was meanwhile officially appointed as chief executive, following his naming as successor to the top job last year. SocGen tapped Krupa, formerly head of its investment bank, to replace Frederic Oudea, who will leave the lender after 15 years at the helm.
Krupa will be able to call on Philippe Aymerich and Pierre Palmier as deputy CEOs after their official appointment at Tuesday’s meeting.
“It will be up to [Krupa,] with the new general management, to…further transform the group for the greater benefit of its shareholders,” Lorenzo Bini Smaghi, the bank’s chairman, said.
Write to Joshua Kirby at [email protected]; @joshualeokirby
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