The crisis meeting lasted four hours, after which the decision of the board of directors of Sparkasse Südholstein became clear. CEO Andreas Föhrmann (58) has been ousted. The top boss of the financial institution was in the position for seven years. He is said to have abused trust.

“The background is a breach of the areas of responsibility and competence, which has permanently damaged the relationship of trust between Mr. Fohrmann and the board of directors,” said a statement published on Friday evening. The Chairman of the Board of Directors Jan Peter Schröder commented on the following reasons: “(…) the excess of responsibilities and areas of responsibility left us no other option and this step was necessary to ensure proper corporate management in the long term. . “

Sparksey Sudolstein kicks out CEO

Tough Stuff! Sparksey Sudholstein did not want to comment on what exactly happened when asked by MOPO. Only this: “It was a specific incident that led to the termination of the employment relationship,” a spokesperson said. Andreas Föhrmann was already on vacation for a week. With immediate effect, the bank will be managed by two board members, Eduard Schlett and Martin Diertz.

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Sparksse Südholstein is the largest credit institution in the region, and in 2003 Kreisparksen von Pinneberg and Segeberg joined forces to establish it. Two years later, the Stadtsparksee Neumünster, where the head office is today, also joined. There are a little over 800 employees, and the branch network has been reduced to 28 households. The bank is currently in merger talks with Sparksey Holstein.