Bettina Orlopp: The woman tasked with leading Commerzbank amid UniCredit takeover battle [MSNBC.com]
COMMERZBANK JUNGE ADR NEW (CRZBY)
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Source: MSNBC.com
In this articleBettina Orlopp, chief financial officer of Commerzbank AG, speaks during a fourth quarter earnings news conference at the bank's headquarters in Frankfurt, Germany, on Thursday, Feb. 13, 2020.Alex Kraus | Bloomberg | Getty ImagesThe bank has been on the defensive asUniCreditEarlier this month, the Milan-based bank started building its shareholding with a 9% stake in Commerzbank.Senior officials at Commerzbank and the German government, which was the company's largest shareholder until UniCredit stepped in, have both said they oppose a hostile takeover. Orlopp will now be put in charge of leading the fight.Later on Wednesday the bank announced Knof will leave the company at the end of the month on September 30.Orlopp's contract is set out for five years, Commerzbank said, noting that the search for her replacement as CFO is still underway. The CFO said she was "looking forward to this new challenge," while also noting that "significant tasks lie ahead.""Together with all
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