French banking giant Société Générale has announced its CEO and Chairman roles would now be split again to comply with new EU rules known as the Capital Requirements
Directive CRD IV which came into effect early last year. Previously, SG had split roles but went to CEO duality in 2009 when it chose to merge them as a means be more responsive during the credit crisis. SG CEO Oudea will pass the chairmanship onto Bini Smaghi, previously an executive board member of the ECB until 2011, is a NED of Morgan Stanley International, and a Economics PhD from U of Chicago. Check out the NYT story at http://dealbook.nytimes.com/2015/01/19/socit-gnrale-splits-chairman-and-chief-executive-roles/?_r=0
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