Stephen confirms Pflimlin leave the presidency of the Mutual Credit
Pflimlin Etienne, President of the Mutual Credit, announced Monday he was resigning his post at the head of the French mutual bank.
"I decided, for personal reasons, to end my functions as president of the National Confederation of Credit Mutuel, and the Federation of Credit Mutuel Centre Est Europe," he wrote in a statement released to the press by Credit Mutuel.
The banking group, in its statement, said that Michael Lucas, the current CEO of the Credit Mutuel will replace Stephen Pflimlin as President from October 14.
Previously, a source close to the group's management confirmed to Reuters that information revealed by the newspaper Les Echos.
"Yes, there is a press release that starts tonight at 18 hours, but I think I'll try to move forward," said the source had told Reuters.
