A Commerzbank logo is pictured before the bank's annual news conference in Frankfurt, Germany, February 9, 2017. REUTERS/Ralph Orlowski/File Photo

FRANKFURT (Reuters) - Commerzbank on Thursday will name board member Bettina Orlopp as the lender’s new chief financial officer, a German newspaper reported on Wednesday.

The Frankfurter Allgemeine Zeitung, without citing sources, said she had beat out another contender, board member Joerg Hessenmueller, for the role.

A spokeswoman for Commerzbank declined to comment.