Reuters: Financial Services and Real Estate: CSuisse's priority is top management posts -report

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CSuisse's priority is top management posts -report May 13th 2012, 09:56 ZURICH | Sun May 13, 2012 5:56am EDT ZURICH May 13 (Reuters) - Credit Suisse's board is making top management appointments its first priority, which could include succession planning for Chief Executive Brady Dougan, Swiss newspaper Sonntag reported on Sunday, citing an unnamed source. Credit Suisse's share price has floundered since the bank came out of the financial crisis far less damaged than rivals, and without accepting state aid. Detractors have criticized its reluctance to scale back its investment bank decisively enough, although better-than-expected first-quarter earnings recently took some heat off the bank. Credit Suisse declined to comment. The bank has seen several big executive changes recently. Information technology chief Karl Landert exited two weeks ago, and the bank said late on Friday it would replace its Americas head with Robert Shafir, who also runs its asset-management unit. (Reporting By Katharina Bart; Editing by Erica Billingham)

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