Commerzbank says board member Schmittroth to leave bank

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FILE PHOTO: A company logo is pictured at the headquarters of Germany's Commerzbank

FRANKFURT – Commerzbank on Wednesday announced that board member Sabine Schmittroth would leave the German lender at the end of the year.

Commerzbank, which is undergoing a major overhaul involving staff cuts and branch closures, has seen a number of boardroom exits over the past two years.

(Reporting by Tom Sims; Editing by Madeline Chambers)