Commerzbank CEO Flags Exit as Germany Starts to Sell Stake (2)

Commerzbank AG Chief Executive Officer Manfred Knof won’t seek an extension to his contract, leaving the German lender searching for a replacement at the same time as the government begins to sell its stake.

Chief Financial Officer Bettina Orlopp is seen as a strong candidate to succeed Knof, although the bank will also vet other people for the role including external ones, people familiar with the matter said. A decision may come as early as this year, but could also slip into 2025, they said, asking not to be named discussing the private information.

Commerzbank said in a statement on ...