Commerzbank Aktiengesellschaft
Commerzbank: Martin Zielke new Chairman of the Board of Managing Directors
DGAP-News: Commerzbank Aktiengesellschaft / Key word(s): Change of Personnel – Martin Zielke to succeed Martin Blessing as Chairman of the Board of Managing Directors on 1 May 2016 – Michael Mandel to succeed Mr Zielke as member of the Board of Managing Directors responsible for the Private Customers business segment – Bettina Orlopp to be appointed to the Board of Managing Directors, to assume responsibility for a new Board portfolio comprising Compliance, Human Resources and Legal
Moreover, the Supervisory Board resolved to appoint Michael Mandel and Dr Bettina Orlopp as members of the Bank’s Board of Managing Directors. These decisions are still subject to regulatory approval. Michael Mandel (49), currently Divisional Board member responsible for Private Customers, is expected to succeed Mr Zielke as the member of the Board of Managing Directors with responsibility for the Bank’s Private Customers business. Michael Mandel contributed significantly to the successful turnaround of the Bank’s Private Customers business over the last few years. Bettina Orlopp (45), currently Divisional Board member for Group Development & Strategy, will be responsible, as a member of the Board of Managing Directors, for the new Board portfolio Compliance, Human Resources and Legal. The present assignment of responsibilities among the members of the Board of Managing Directors for these functions is as follows: Compliance (Stephan Engels), Human Resources (Frank Annuscheit), Legal (Martin Blessing, and Martin Zielke from 1 May 2016 onwards). With the new distribution of responsibilities amongst the members of the Board of Managing Directors the Bank responds to the significant demands placed upon Frank Annuscheit, Chief Operating Officer and Labour Director, as a result of digitalisation, together with the steady increase in the time required to deal with Compliance and Legal issues. The appointment also further underlines the importance of a strong compliance culture. Ms Orlopp will fulfil her new duties in the capacity of Senior General Manager until her appointment to the Board of Managing Directors becomes effective. Until then, the distribution of responsibilities amongst the members of the Board of Managing Directors will remain unchanged. Successors to Michael Mandel and Bettina Orlopp in their current functions will be appointed by the Board of Management Directors in due course. Klaus-Peter Müller, Chairman of the Supervisory Board, said: “I am delighted that Martin Zielke has been appointed as the new Chairman of Commerzbank’s Board of Managing Directors. Following an intensive selection process, he was the right candidate, and he enjoys the trust of the entire Supervisory Board. Mr Zielke has a long and extensive experience in the private and corporate customer businesses, and in the finance function. He managed the turnaround of the Bank’s Private Customers business in an impressive manner. I am firmly convinced that he, together with his team on the Board of Managing Directors, will continue to lead the Bank on the path towards success with sustainability. Furthermore, the Board of Managing Directors will be further strengthened with the appointments of Michael Mandel and Bettina Orlopp.” ***** *****
2016-03-06 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English | |
Company: | Commerzbank Aktiengesellschaft | |
Kaiserstraße 16 | ||
60311 Frankfurt am Main | ||
Germany | ||
Phone: | +49 (069) 136 20 | |
Fax: | – | |
E-mail: | ir@commerzbank.com | |
Internet: | www.commerzbank.de | |
ISIN: | DE000CBK1001 | |
WKN: | CBK100 | |
Indices: | DAX, CDAX, HDAX, PRIMEALL | |
Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Terminbörse EUREX; London, SIX | |
End of News | DGAP News Service |