“#The Wall Street Journal: Credit Suisse chairman steps down following board probe into his conduct”
Board member Axel Lehmann to take over for António Horta-Osório
Credit Suisse Group AG Chairman António Horta-Osório is leaving the global bank following a board investigation into his travel and personal conduct, according to people familiar with the bank.
said late Sunday that Horta-Osório had resigned following an investigation commissioned by the board. The people said the investigation examined his conduct, including travel that breached COVID-related government rules and his personal use of corporate aircraft. He joined the Credit Suisse board less than a year ago.
Spokespeople for Credit Suisse didn’t respond to requests for comment. Horta-Osório couldn’t be reached late Sunday, and a lawyer for him didn’t respond.
“I regret that a number of my personal actions have led to difficulties for the bank and compromised my ability to represent the bank internally and externally,” Horta-Osório said in a Credit Suisse news release. “I therefore believe that my resignation is in the interest of the bank and its stakeholders at this crucial time.”
Also popular on WSJ.com:
If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites.
For forums sites go to Forum.BuradaBiliyorum.Com
If you want to read more News articles, you can visit our News category.