01.11.2015
Commerzbank AG DE000CBK1001
DGAP-News: Commerzbank: Chairman of the Board of Managing Directors Martin Blessing will not extend his contract
DGAP-News: Commerzbank AG / Key word(s): Change of Personnel
Commerzbank: Chairman of the Board of Managing Directors Martin
Blessing will not extend his contract
01.11.2015 / 17:00
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The Chairman of the Board of Managing Directors of Commerzbank AG Martin
Blessing today informed Supervisory Board Chairman Klaus-Peter Müller that
he will fulfill his contract, which runs until the end of October 2016, but
he will not accept the offer to extend his term.
With deep regret, Supervisory Board Chairman Klaus-Peter Müller has
acknowledged this decision, expressing his respect as well as his high
appreciation for the success that Martin Blessing has achieved. Müller will
deliberate with the nomination committee of the Supervisory Board and
define a process for finding a successor.
Explaining the reasons behind his decision, Martin Blessing said:
"I was delighted to be offered a contract extension and am honoured by the
trust placed in me. For this, I am truly grateful. Nevertheless, after long
and intensive consideration, I decided not to accept the offer. This was
not an easy decision, as I am very fond of both the bank and my colleagues.
After 15 years on the Board of Managing Directors of Commerzbank, half of
which as Chairman, it is now time for me to embark on a new chapter in my
professional life. I believe that 2016 is a good point in time for someone
else to take over at the helm of the bank. Today, Commerzbank has a robust
business model, excellent employees and managers, as well as a culture that
is the envy of many companies. We have overcome the major challenges of the
financial crisis or will do so in the coming months. We are also clearly on
track to reclaiming our position as a sustainably successful bank."
Chairman of the Supervisory Board of Commerzbank Klaus-Peter Müller said:
"I deeply regret this decision and was hopeful that we could extend the
contract. However, I respect Martin Blessing's decision and greatly
appreciate the success he has achieved as well as his commitment to
continue to support the bank in a dedicated manner for the rest of his
term. This allows to organize a coordinated processs for the nomination of
a successor. We are truly grateful for his continued support."
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Press contact
Richard Lips +49 69 136-22461
Simon Steiner +49 69 136-46646
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About Commerzbank
Commerzbank is a leading international commercial bank with branches and
offices in more than 50 countries. The core markets of Commerzbank are
Germany and Poland. With the business areas Private Customers,
Mittelstandsbank, Corporates & Markets, and Central & Eastern Europe, its
private customers and corporate clients, as well as institutional
investors, profit from a comprehensive portfolio of banking and capital
market services. Commerzbank finances more than 30 per cent of Germany's
foreign trade and is the unchallenged leader in financing for SMEs. With
its subsidiaries comdirect and Poland's mBank it owns two of the world's
most innovative online banks. With approximately 1,100 branches and
approximately 90 advisory centres for business customers Commerzbank has
one of the densest branch networks among German private banks. In total,
Commerzbank boasts approximately 15 million private customers, as well as 1
million business and corporate clients. The Bank, which was founded in
1870, is represented at all the world's major stock exchanges. In 2014, it
generated gross revenues of almost EUR 9 billion with an average of
approximately 52,000 employees.
****
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01.11.2015 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Commerzbank AG
Kaiserplatz
60311 Frankfurt am Main
Germany
Phone: +49 (069) 136 20
Fax: -
E-mail: [email protected]
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
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