SocGen Picks Investment Bank Head Krupa as Next Chief Executive

Societe Generale SA will appoint Slawomir Krupa as chief executive officer, favoring the investment-bank chief over retail head Sebastien Proto after a close contest to replace outgoing boss Frederic Oudea.

The French bank’s board made the selection for the top job in Paris Friday, according to a statement confirming earlier reports. Finding a successor to Oudea, the longest-serving CEO of any major European bank, entailed a months-long search which courted external candidates but ultimately came down to two serving lieutenants.

Krupa will now be tasked with winning over investors after a lengthy stock slide under Oudea, who steered the ...