Commerzbank Closes In on CFO to Speed Up Fight Against UniCredit

Commerzbank AG is close to tapping a new chief financial officer, a crucial appointment as the lender seeks to accelerate a strategic revamp and defend itself against a potential takeover by UniCredit SpA.

The German lender’s nomination committee is scheduled to meet Monday as it seeks to identify a final candidate, people with knowledge of the matter said. A meeting of the full supervisory board will likely make a formal decision on the next CFO later this month, they said, adding that the timeline could yet change.

Commerzbank has been vetting internal and external candidates, with Andreas Boeger, ...