Boekhout leading race to be next Commerzbank CEO

Frankfurt

COMMERZBANK AG's corporate clients chief Roland Boekhout is emerging as the lead candidate to replace outgoing CEO Martin Zielke after a shareholder revolt toppled the German lender's top leadership.

In addition to Mr Boekhout, the bank is also vetting finance chief Bettina Orlopp for the job, people familiar with the matter said, asking not to be identified because the information is private. The lender's supervisory board may decide on a candidate at its next meeting as early as Wednesday, although it could also choose to postpone a vote and instead seek to line up additional external candidates, one of the people said.