Embattled Credit Suisse CEO counters critics, saying he has a mandate to continue in his post.
Following downgrades last week by two ratings agencies and calls for him to be replaced as CEO of Credit Suisse, Thomas Gottstein used the opportunity in a «Bloomberg TV» in an interview to counter such criticisms.
In the interview, Gottstein said that he has a «clear mandate» from the board to continue in his position at the Swiss bank which has faced a spate of bad news.
My Mandate
«I have a clear mandate. My mandate, and the rest of the executive board, is number one: execute the strategy, number two: strengthen the risk management; and number three: be here for our clients» he said in the interview which took place at the World Economic Forum (WEF) in Davos.
Due to Covid, the event has been delayed from its usual time in January to May 22 through 26.
Last week finews.com reported that some Credit Suisse board members were calling on Gottstein's ouster, putting chairman Axel Lehmann in a difficult position.
