Summary
- Commerzbank has chosen CFO Bettina Orlopp to be its new chief executive to fend off a potential hostile takeover from UniCredit
- Orlopp will succeed current CEO Manfred Knof, with plans for a smooth transition
- Orlopp’s extensive experience at Commerzbank and background in finance make her a credible choice for the CEO position
- The decision to appoint Orlopp quickly reflects the urgency of the situation facing Commerzbank