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Credit Suisse CEO resigns after espionage scandal

Five months after the stalking scandal against two former managers, the CEO of the Swiss bank leaves and reiterates: "I knew nothing about it" - Headline in red in Zurich

Credit Suisse CEO resigns after espionage scandal

Tidjane Thiam is no longer the CEO of Credit Suisse. The manager, one of the highest paid bankers in the world, resigned five months after the "espionage scandal" involving the Swiss bank.

Thomas Gottstein will take his place on February 14th, until today at the helm of Credit Suisse's activities on the Swiss market. In the meantime, the bank will have to present the annual accounts. Urs Rohner remains where he is, that is to say in the chair of president, confirmed by the board of directors, despite the strong criticisms received from the bank's main shareholders who had instead defended the CEO.

Thiam, a French-Ivorian, 57, decided to leave after a board meeting held on February 6. The councilors accepted his resignation unanimously.

Among the reasons given by the analysts at the basis of the decision there is also laffair concerning the shadows suffered by two former managers of the bank, passed to the competition. Internal investigations revealed that the then general manager of Credit Suisse, Pierre-Olivier Bouee, had ordered the shadowing. Last weekend, the SonntagsZeitung wrote that surveillance would also have targeted Greenpeace.

"I was not aware of the shadowing of the two former colleagues. All of this has undoubtedly disturbed Credit Suisse and caused anxiety and pain. I'm sorry all this happened, it should never have happened,” Thiam reiterated in his parting statements.

on the Zurich Stock Exchange Credit Suisse stock dropped 2,5% to 12,29 francs.

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