Deutsche Bank Denies Two Top Managers Called For Early CEO Exit
November 18 2011 - 3:22AM
Dow Jones News
Germany's Deutsche Bank AG (DB) Friday denied that two unnamed
executive board members have called for Chief Executive Josef
Ackermann to leave his position earlier than planned, as reported
in Friday's edition of Handelsblatt newspaper.
"The known time plan on management changes published earlier
this week remains the same," the bank said in an emailed
statement.
Ackermann will step down as CEO after the bank's annual meeting
on May 31, 2012, to be replaced by two co-CEOs, Anshu Jain, until
now head of investment banking operations, and Juergen Fitschen,
the head of Germany operations.
The bank said Monday Ackermann will no longer be available as a
candidate for head of the supervisory board, and instead put
forward Paul Achleitner, a former Goldman Sachs (GS) investment
banker now with Allianz SE (ALV.XE).
Newspaper website:
http://www.handelsblatt.com/unternehmen/banken/machtkampf-ueber-abgang-von-ackermann/5860582.html
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500.