The bank said in a statement the board had chosen Krupa unanimously at the end of a selection process which included internal and external candidates.
Bini Smaghi said his first mission would be to see through the big changes started by his predecessor, including the merger of SocGen's retail banking networks, the expansion of the bank's car leasing operations and the growth of its online bank Boursorama. He joined SocGen as an inspector and made his way up, with jobs in Europe and the United States. From 2016 to 2021 he headed SocGen's Americas unit.
Under Oudea's leadership SocGen has streamlined operations to boost returns and financial solvency, notably by selling businesses in Central and Eastern Europe and refocusing its corporate and investment banking.