Denmark Loses Only Female CEO at Major Bank as Frosig Retires

Denmark will lose the only female chief executive officer among its large banks as Karen Frosig decided to step down from her position at Sydbank A/S from next year.

A successor has already been found and will be announced at a later date, the lender said in a statement on Friday. Frosig, 65, had expressed a wish to retire, it said.

Karen Frosig

Source: Sydbank

Frosig has called for Denmark to introduce quotas to force gender diversity on company boards and executive management teams. She has told local media she initially was skeptic about forced quotes but that she changed her mind after ...