Commerzbank CFO set to quit

COMMERZBANK’S chief financial officer Eric Strutz will not extend his contract when it expires next March, the indebted bank said yesterday.

“It is a pity that he is leaving us,” chief executive Martin Blessing said in a statement. “I have a great working relationship with him.”

Commerzbank made no mention of a possible successor.

Strutz, a member of the board of managing directors since April 2004, will remain in place until his contract expires next year.