Candidate hunt for Commerzbank CEO
Commerzbank's search for a candidate to succeed current Chief Executive Martin Blessing has narrowed, with two internal candidates favoured on the shortlist, two sources familiar with the situation said on Friday.
The focus is on 51-year old Markus Beumer, who leads Commerzbank's flagship corporate lending business with Germany's medium-sized "Mittelstand" companies, and Martin Zielke, 53, head of business with private customers, one of the sources said.
Commerzbank Chairman Klaus-Peter Mueller said last month he intended to find a replacement for Blessing by the bank's annual shareholder meeting on April 30, adding that he had strong internal and external candidates to hand.
Commerzbank's supervisory board is expected to discuss shortlist candidates at a meeting on Tuesday.
The bank declined to comment. Blessing announced in November his intention to step down, saying 2016 was a good time to relinquish the helm of Germany's second-biggest lender. "I don't think there is a huge number of candidates with the appropriate experience for the difficult job of leading a mid-sized commercial bank," the person said.