Credit Suisse vice chair Schwan to leave board of directors

[ZURICH] Credit Suisse said on Monday vice chair Severin Schwan would not stand for re-election to its board of directors, adding the board has nominated Christian Gellerstad as his successor.

It also nominated Mirko Bianchi, Keyu Jin and Amanda Norton to join as non-executive members, while Kai Nargolwala and Juan Colombas will not stand for re-election at the annual general meeting on April 29, Credit Suisse said in a statement.

The Financial Times reported last month that Schwan would face opposition from some major shareholders.

REUTERS