07.09.2016
Commerzbank Aktiengesellschaft DE000CBK1001
DGAP-News: Commerzbank Supervisory Board: Dr. Stefan Schmittmann to be proposed to the 2018 AGM as the successor to Supervisory Board Chairman Klaus-Peter Müller
DGAP-News: Commerzbank Aktiengesellschaft / Key word(s): Miscellaneous
Commerzbank Supervisory Board: Dr. Stefan Schmittmann to be proposed to the
2018 AGM as the successor to Supervisory Board Chairman Klaus-Peter Müller
07.09.2016 / 12:35
The issuer is solely responsible for the content of this announcement.
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The Supervisory Board intends to propose to the Annual General Meeting
(AGM) in May 2018 that Dr. Stefan Schmittmann be elected to the Supervisory
Board as a shareholder representative. The AGM shall also be notified that
Dr. Stefan Schmittmann will be put forward as candidate for the position of
Chairman of the Supervisory Board. Dr. Schmittmann stepped down from the
Bank's Board of Managing Directors at the end of 2015, and would therefore
observe the statutory cooling-off period of two years before joining the
Supervisory Board.
Commerzbank's Supervisory Board furthermore intends to propose to the AGM
in May 2017 that Dr. Tobias Guldimann be elected to the Supervisory Board
as a shareholder representative. Dr. Roger Müller would step down from the
Bank's Supervisory Board at the end of the 2017 AGM. Should Dr. Tobias
Guldimann be elected to the Supervisory Board, the Supervisory Board plans
to appoint him as a member of the Audit Committee for the duration of his
term as a Supervisory Board member.
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Press contact
Margarita Thiel +49 69 136-46646
Alexander Cordes +49 69 136-42764
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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 M Bank it owns two of the world's
most innovative online banks. With approximately 1,050 branches Commerzbank
has one of the densest branch networks among German private banks. In
total, Commerzbank boasts more than 16 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 2015, it
generated gross revenues of EUR9.8 billion with 51,300 employees.
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Disclaimer
This release contains forward-looking statements. Forward-looking
statements are statements that are not historical facts. In this release,
these statements concern inter alia the expected future business of
Commerzbank, efficiency gains and expected synergies, expected growth
prospects and other opportunities for an increase in value of Commerzbank
as well as expected future financial results, restructuring costs and other
financial developments and information. These forward-looking statements
are based on the management's current plans, expectations, estimates and
projections. They are subject to a number of assumptions and involve known
and unknown risks, uncertainties and other factors that may cause actual
results and developments to differ materially from any future results and
developments expressed or implied by such forward-looking statements. Such
factors include the conditions in the financial markets in Germany, in
Europe, in the USA and other regions from which Commerzbank derives a
substantial portion of its revenues and in which Commerzbank holds a
substantial portion of its assets, the development of asset prices and
market volatility, especially due to the ongoing European debt crisis,
potential defaults of borrowers or trading counterparties, the
implementation of its strategic initiatives to improve its business model,
particularly to reduce its ACR portfolio, the reliability of its risk
management policies, procedures and methods, risks arising as a result of
regulatory change and other risks. Forward-looking statements therefore
speak only as of the date they are made. Commerzbank has no obligation to
update or release any revisions to the forward-looking statements contained
in this release to reflect events or circumstances after the date of this
release.
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07.09.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Commerzbank Aktiengesellschaft
Kaiserstraße 16
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; Regulated
Unofficial Market in Tradegate Exchange; London, SIX
End of News DGAP News Service
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499629 07.09.2016
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