F. A. Z. exclusive: There are in Commerzbank, a child process

The outgoing Chairman of the Supervisory Board Stefan Schmittmann is entered contrary to the impression that Commerzbank had advanced after the announcement of

F. A. Z. exclusive: There are in Commerzbank, a child process

The outgoing Chairman of the Supervisory Board Stefan Schmittmann is entered contrary to the impression that Commerzbank had advanced after the announcement of rode by him and the Chairman of the Board Martin Zielke is now in disarray. "Do not Worry, there is an orderly process," wrote Schmitt man to the staff. On the question of who will lead the Bank now actually, Schmitt said man: "I will perform my duties for the next four weeks." Also Zielke have offered to stand in if by the Supervisory Board desired, until the end of the year available, calmed the Chairman of the Supervisory Board and the employees.

Hanno Mußler

editor in the economy.

F. A. Z.

In a kind of Interview in the Commerzbank Intranet, the F. A. Z. was on Sunday, explained the Chairman of the Supervisory Board the further course of action. Since Schmittmann has announced on Friday, to 3. August the Supervisory Board to expel must be reordered for him continuing on the proposal of shareholders or of the Board, a new Supervisory Board member by court. "If this new member is appointed, then the entire Supervisory Board will elect from its members a new Chairman," said Schmitt, man. This could, according to the F. A. Z. on 8. July come.

A seat for Cerberus?

Who is this new member of the Supervisory Board seem to be open. "The advertising has only just begun," it said on Sunday in circles of the Supervisory Board. It is obvious, however, that the financial investor Cerberus gets a seat. The second largest shareholder had received with his allegations, although not in sound, but in the case of the Hear, after a lot of support from other shareholders – up to the Federal government, with 15.6 percent the largest shareholder. Cerberus had been accused in two letters in June, the Commerzbank Board of managing Directors to put too much on growth and too little on cost reductions and all of the then-new Chairman of the Board Martin Zielke to have in the year 2016 output targets not achieved.

On the question on the Intranet, whether even the new Chairman of the Supervisory Board of the Cerberus could be ordered, said Schmitt, man. "Who is elected as the new Chairman of the Supervisory Board, is completely open. Not the shareholders, to determine the new Chairman, but the Board elects a new Chairman.“

but the new, not yet recorded of the Supervisory Board member of ideal way, immediately the chair, does not appear outlandish. Because among the current members of the Nicholas Teller, a former Commerzbank Board of managing Directors, is in great need. Plate is not available but according to information from the F. A. Z. previously available.

The Federal mixes a

both the Supervisory Board Remain members of the Union, Jutta Dönges and Frank Czichowski, he has only sent in may to the Supervisory Board. With the replacement of its Supervisory Board members of the Federation had demonstrated that he wants to take control of the Board of serious. Previously, he had sought Council of a consulting Firm, what strategy should go in Commerzbank. With the Takeover of the Chairman of the Supervisory Board of the Federal government would give up its since the Einstiegin Commerzbank in the Winter of 2008/2009, maintained official Non-interference in the business policies completely.

Updated Date: 05 July 2020, 09:19

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