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SocGen's Czech unit reshuffles management board

Komercní banka a.s. said Jan Pokorný and Peter Palecka will resign from its management board at the end of June and July, respectively.

Pokorný is senior executive director responsible for top corporate clients, structured finance and investment banking, and also oversees the Czech lender's branch in Slovakia. Palecka is the lender's corporate secretary and will serve as an adviser to Komercní's CEO until the end of 2018.

David Formánek and Miroslav Hiršl were nominated to join the management board, pending supervisory board and Czech central bank approval.

Komercní banka is a unit of Société Générale SA.