28.10.2014
Deutsche Bank AG DE0005140008
DGAP-Adhoc: Deutsche Bank AG: Deutsche Bank expands Management Board
Deutsche Bank AG / Key word(s): Change of Personnel/Strategic Company Decision
28.10.2014 23:14
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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The Supervisory Board of Deutsche Bank (XETRA: DBKGn.DE/NYSE: DB) announced
today that it has realigned individual responsibilities on the Management
Board in line with the Bank's ongoing strategic, regulatory and litigation
priorities. As a consequence, the Supervisory Board has appointed two new
members to the Management Board.
Stefan Krause, age 51, Chief Financial Officer (CFO) since 2008, will take
a new position as Head of Strategy and Organisational Development,
effective November 1, which will combine responsibility for strategic
development and all major change initiatives at the Bank. Mr. Krause will
continue as CFO until the conclusion of the Annual General Meeting on May
21, 2015.
Dr. Marcus Schenck, age 48, who will join the Bank from Goldman Sachs as
General Manager ("Generalbevollmächtigter") and Deputy CFO, will be
appointed to the Management Board, effective on conclusion of the Annual
General Meeting on May 21, 2015, at which time he will succeed Mr. Krause
as CFO.
Henry Ritchotte, age 51, will continue as Chief Operating Officer with
responsibility for Technology and Operations, and will in addition assume
responsibility for the Bank's global digital agenda.
Christian Sewing, age 44, currently Global Head of Group Audit, will become
a Management Board member and take responsibility for Legal and the Bank's
Incident Management Group, effective January 1, 2015.
Dr. Stephan Leithner, age 48, will focus on client opportunities in his
existing role as Chief Executive Officer Europe (ex-Germany and UK) and
will continue to head Government & Regulatory Affairs, Compliance and Human
Resources. He will coordinate the next phase of the Bank's cultural change
programmes.
In line with the recommendations of the German Corporate Governance Code,
the contracts of the newly-named Management Board members will be for three
years. At its July meeting, the Supervisory Board already extended the
current three-year contracts of Dr. Stephan Leithner, Stuart Lewis and
Henry Ritchotte by five years until 2020.
28.10.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Deutsche Bank AG
Taunusanlage 12
60325 Frankfurt a. M.
Germany
Phone: +49 (0)69 910-00
Fax: +49 (0)69 910-38966
E-mail: [email protected]
Internet: www.deutsche-bank.de
ISIN: DE0005140008
WKN: 514000
Indices: DAX, EURO STOXX 50
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, Hannover, München, Stuttgart; Terminbörse
EUREX; NYSE
End of Announcement DGAP News-Service
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