Deutsche Bank (NYSE:DB) said its Chairman of the Management Board and the Group Executive Committee, Dr. Josef Ackermann, notified the bank that he will no longer be available as a candidate to transfer onto the Supervisory Board following his departure from the Management Board effective upon the completion of the General Meeting 2012.
Ackermann said that the extremely challenging conditions on the international financial markets and in the political-regulatory environment demand his full attention as the Chairman of the bank's Management Board.
Deutsche Bank's Nomination Committee recommends that the Supervisory Board propose Dr. Paul Achleitner, currently member of the Board of Management of Allianz, for election to the Supervisory Board at the General Meeting 2012
Ackermann said that the extremely challenging conditions on the international financial markets and in the political-regulatory environment demand his full attention as the Chairman of the bank's Management Board.
Deutsche Bank's Nomination Committee recommends that the Supervisory Board propose Dr. Paul Achleitner, currently member of the Board of Management of Allianz, for election to the Supervisory Board at the General Meeting 2012
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