Danske Bank A/S (CPH:DANSKE) (PINK:DNSKY) has fired its Chief Executive Officer Eivind Kolding after less than two years on the job, saying it needed someone with more experience, report Frances Schwartzkopff and Peter Levring for Bloomberg. Kolding will be replaced by executive board member and long-time employee Thomas Borgen.
Kolding’s lack of experience to blame
Kolding came to Danske Bank A/S (CPH:DANSKE) (PINK:DNSKY) from a container shipping company, and this lack of expertise is being blamed for the reason Danske is recovering more slowly than its competitors—its share price has gone up 26 percent, compared to...
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