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Danske chairman says lender 'working intensively' to find long-term CEO

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Danske chairman says lender 'working intensively' to find long-term CEO

Danske Bank A/S is still seeking a permanent successor for former CEO Thomas Borgen, nearly six months after his resignation amid investigations into the Danish lender's alleged role in money laundering at its Estonian unit, Bloomberg News reported March 18.

The lender's chairman, Karsten Dybvad, told the bank's annual general meeting that the lender is "working intensively" to find a long-term CEO. Danske's head of banking in Denmark, Jesper Nielsen, is interim CEO but will not be considered for the permanent role.

The bank had nominated head of wealth management Jacob Aarup-Andersen to become CEO, but he was rejected by the Danish Financial Supervisory Authority. Dybvad was named chairman after his predecessor Ole Andersen's resignation, following the scandal.

The AGM rejected a number of shareholder proposals, including to consider splitting up the bank and to cap management pay.