CEO Debacle at Danske Bank Draws Warning From Shareholders (3)

Danske Bank A/S has once again lost a chief executive, ushered out under yet another cloud of scandal. Denmark’s main shareholder group says the question now is whether there’s such a thing as a qualified CEO with a perfectly clean record.

The biggest Danish bank stunned investors on Monday when it revealed it was parting ways with Chris Vogelzang, its third CEO in as many years. The 58-year-old is leaving Danske after becoming the subject of an investigation tied to his former employer, ABN Amro, and its alleged failure to live up to anti-money laundering laws.

Chris Vogelzang

Source: Danske Bank A/S

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