Société Générale's Board of Directors approved a restructuring of the French bank's General Management on 30 October 2024, reducing the number of executive officers to two. Chief Executive Officer Slawomir Krupa will be joined by Pierre Palmieri, who has been a Deputy Chief Executive Officer since May 2023 and now becomes the sole Deputy CEO, replacing a structure that had included two Deputy CEOs.
The move follows the departure of Deputy CEO Philippe Aymerich, whose departure was announced on 31 October 2024.
KRUPA ASSUMES DIRECT RETAIL BANKING CONTROL
Krupa has taken on direct oversight of Retail Banking France, adding responsibility for the bank's domestic consumer and business banking network to his existing duties as group chief executive.
Palmieri, the sole Deputy CEO, has experience in Société Générale's investment banking and corporate operations.
Société Générale confirmed the changes in a statement, noting that the reduction in General Management executive officers had been approved by the board. The new structure takes effect on 1 November 2024.
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