February 13, 2020 / 7:21 AM / 14 days ago

Credit Suisse director Alexander Gut not to stand for re-election

FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at a branch in Winterthur, Switzerland November 2, 2017. REUTERS/Arnd Wiegmann/File Photo

ZURICH (Reuters) - Credit Suisse (CSGN.S) supervisory board member Alexander Gut will not stand for re-election at the group’s annual general meeting on April 30, the bank said alongside its annual results on Thursday.

His father, Rainer Gut, was a longtime executive and chairman of Switzerland’s second-biggest bank and has served as honorary chairman since 2000.

Credit Suisse this month proposed Richard Meddings, a British banker with long experience of crisis management, for election to its board.

Reporting by Brenna Hughes Neghaiwi; Editing by Michael Shields

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