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Credit Suisse Vice Chairman Unsure Whether He Will Stay on Board, Tages-Anzeiger Reports

-- Severin Schwan, who is Roche Holding AG's chief executive and also serves as vice chairman on Credit Suisse Group AG's board of directors, said he hasn't yet decided if he will remain on Credit Suisse's board, the Zurich-based newspaper Tages-Anzeiger reports.

-- The executive has been criticized for taking on a double role at the two companies, and for the fact that he pushed for the removal of Credit Suisse chief Antonio Horta-Osorio after helping get him appointed, the paper reports.

-- Mr. Schwan has countered the criticism, saying that the two mandates at the two companies are fundamentally compatible, and that he is now supporting the new head of Credit Suisse in stabilizing the bank, according to Tages-Anzeiger.

 

Full story: https://bit.ly/3tHgPVX

 

Write to Cecilia Butini at cecilia.butini@wsj.com

 

(END) Dow Jones Newswires

January 20, 2022 03:18 ET (08:18 GMT)

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