New Commerzbank-leadership: The Federal government intervenes yet

The Board on Wednesday after a solution to the leadership crisis dercommerzbank. Ten hours of the Supervisory Board took a meeting, in the meantime urge a first

New Commerzbank-leadership: The Federal government intervenes yet

The Board on Wednesday after a solution to the leadership crisis dercommerzbank. Ten hours of the Supervisory Board took a meeting, in the meantime urge a first decision to the outside: According to information from the F. A. Z. by the Federal government delegated to the Supervisory Board, Jutta Dönges was commissioned to find a new Supervisory Board member. The chair of the control Committee, neither the Head of the German Finance Agency Frank Czichowski, the former Treasurer of the state Bank KFW will provide.

Hanno Mußler

editor in the economy.

F. A. Z.

Dönges and Czichowski were from the Federal government in may on the Supervisory Board of Commerzbank has been sent. Before the meeting, it was clear that the Federal government is afraid of the responsibility, to send a representative to the head of the Supervisory Board.Now, however, he takes zumindestdie search of a new Supervisory Board Chairman. Also Nicholas Teller, from 2003 to 2008, a member of the Board of management and since 2014 one of ten Supervisory the shareholders ' councils, rejected the presidency, such as the F. A. Z. on the weekend reported.

No quick solution

The Items in the control panel needs to be re-occupied, because at the same time with the Chairman of the Board, Zielke has also announced the incumbent Chairman of the Supervisory Board Stefan Schmittmannam Friday evening, surprising his departure. He wants to be a mandate on 3. August put down. Zielke has offered "a mutual termination" of his until November 2023 current contract. Therefore, the Supervisory Board met for the special session:After the end of the Commerzbank informed the Supervisory Board agreed with Zielke and the resignation offer is accepted. He will remain CEO until a successor is found, at the latest by the end of the year, but to be excreted.

The biggest crisis of Commerzbank since the entry of the state in the Winter of 2008/2009 is obviously not resolved quickly. And the Federal government are trying to give the impression that he'll take on the business policy of the Commerzbank little influence.

Dönges, a former employee of the banks, Goldman Sachs and SEB, search now, the new Supervisory Board member, because you are a member of the personnel Committee. This sub-Committee of the Supervisory Board Schmittmann front seats, and not could probably search for his successor, it is argued, behind the Scenes.

Ideally, the new member of the Supervisory Board was also not ready to assume the presidency, because all of the current members appear to be ready for. The new Chairman of the Supervisory Board should then find a new CEO for Zielke, was a Plan of the Supervisory Board.

Hard cuts to the workforce

A Supervisory Board expressed to the F. A. for example, the presumption that it could take up to two weeks until a new Supervisory Board was found Chairman. As long as no new Board should be appointed chief. Thus, the Zielke recently developed a new strategy will be decided and be implemented. Probably the new CEO will make corrections.

Zielkes Plan is Reportedly to take in the private customer business, many digital services of Comdirect. This direct Bank, previously a listed subsidiary, has acquired Commerzbank's just completely up to you songs in your group to enter. Thus, the digital Transformation of Commerzbank is to be accelerated. In return, Zielke planned to close many branches. According to reports, around half of the nationwide 1000 Commerzbank has branches to the Dump.

Updated Date: 09 July 2020, 01:19

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