At its meeting today the Supervisory Board of Commerzbank decided to propose to the Annual General Meeting on 8 May 2014 that new members be elected to the Supervisory Board. The personnel changes on the Supervisory Board will be necessary as Prof. Dr. Hans-Peter Keitel resigns from his Supervisory Board mandate with effect from of the conclusion of the 2014 Annual General Meeting. In addition, Dr. Marcus Schenck had already resigned from his position as a member of the Supervisory Board with effect from the end of 10 September 2013. For this reason the Supervisory Board of Commerzbank has decided to propose to the 2014 Annual General Meeting that it elects Dr. Stefan Lippe to the Supervisory Board as the successor to Dr. Marcus Schenck and Nicholas Teller as the successor to Prof. Dr. Hans-Peter Keitel.
Klaus-Peter Müller, Chairman of the Supervisory Board of Commerzbank: “With Dr. Stefan Lippe and Nicholas Teller it has been possible to gain proven financial experts for our board. I would like to thank the two gentlemen for their willingness to assume this responsible task and I look forward to working with them. I would also like to take this opportunity to expressly thank Prof. Dr. Hans-Peter Keitel and Dr. Marcus Schenck for their contribution and commitment.”
Dr. Roger Müller had joined the Supervisory Board as the replacement member for Prof. Dr. Ulrich Middelmann, who passed away in 2013. As there is no by-election for Prof. Dr. Middelmann, Dr. Roger Müller will remain a member of the Supervisory Board. With the election of Dr. Stefan Lippe, Solms U. Wittig, who had joined the Supervisory Board as the replacement member for Dr. Marcus Schenck, will automatically become the replacement member for the incumbent members of the Supervisory Board once more. He is also to be elected by the Annual General Meeting as a replacement member for the two new candidates.
At its meeting today the Supervisory Board of Commerzbank AG also duly extended the contract of Michael Reuther (54) by another five years. Reuther has been a member of the Board of Managing Directors of Commerzbank since 2006 and has been heading the Corporates & Markets segment since 2008.
Commerzbank is a leading bank in Germany and Poland. It is also present worldwide in all markets for its customers as a partner to the business world. With the business areas Private Customers, Mittelstandsbank, Corporates & Markets and Central & Eastern Europe, it offers its private and corporate customers as well as institutional investors the banking and capital market services they need. With approximately 1,200 branches Commerzbank has one of the densest branch networks among German private banks and is on its way to become a modern multichannel bank. In total, Commerzbank boasts approximately 15 million private customers, as well as 1 million business and corporate customers. In 2013, it generated revenues of more than EUR 9 billion with approximately 54,000 employees on average.