Wynaendts is to become the new chairman of Deutsche Bank’s board of directors

DIn other words Deutsche Bank The surprise presented its longtime supervisory board chairman Paul Eckleitner on Friday evening: Alexander Wayandes, the former chairman of the board of Dutch insurance company Aegon. He will initially be proposed for election to the supervisory board at the annual general meeting on May 19, 2022, and then to be elected chairman of the largest German bank as announced on Friday evening.

that ekleitner He plans to step down next year after ten years after it has been known for a long time. For a long time, however, internal candidates were considered favourites, most notably the head of Deutsche Börse, Theodor Weimar, PwC’s longtime owner of Germany, Norbert Winkeljohn, or Volkswagen’s former CFO, Frank Witter. All of them are already on the supervisory board. It is surprising that the nomination committee, headed by supervisory board member Myrie Clark, is now proposing an outside candidate. Over the weekend, Wynaendts will introduce itself to members of the supervisory board in a special meeting and be officially confirmed.

Member of several supervisory boards

The 61-year-old Dutchman was reportedly the head of the Dutch insurance group from 2008 to 2020 aegon, The manager currently sits on several supervisory and administrative boards, including Citigroup, Uber Technologies and Air France KLM. He will resign from the board of directors of Citigroup. He began his professional career at the leading Dutch bank ABN AMRO, where he worked for 13 years in private banking and investment banking in Amsterdam and London.

Clark emphasizes in the announcement that Wynaendts has worked with regulators on both sides of the Atlantic. Bank Manager Christian Sewing says: “They have extensive experience in the financial sector and have an excellent network not only in Europe but also globally.” Wayandes was quoted in the press release as saying that he was “looking forward to the interests of all stakeholders.” To represent: customers, employees, shareholders and also companies in which the Bank is active.”

Apparently in order to provide Wynends with a second experienced supervisory board as vice-chairman, the supervisory board should recommend that a general meeting appoint another deputy chairman of the supervisory board in addition to staff representative Detlef Polachek. as stated in the declaration. The committee will propose the Winkeljohn Supervisory Board for the event.