BUSINESS

Societe Generale Chief To Step Aside

04/25/2008 05:12 am ET | Updated May 25, 2011

Société Générale, the French bank that was rocked by a multibillion-dollar rogue trading scandal, said late Thursday that Daniel Bouton would step aside as chief executive but would remain nonexecutive chairman as part of a management reorganization.

Mr. Bouton will be succeeded by Frédéric Oudea, the chief financial officer, who joined the bank's senior management team last month as a deputy chief executive.

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