At its meeting today, the Supervisory Board of Deutsche Bank unanimously decided to request that Dr. Josef Ackermann should extend his contract by three years, until the Annual General Meeting of 2013.
Dr. Ackermann has agreed to this request. The formal ratification of this decision will take place at the Supervisory Board’s meeting of 28 July 2009.
Dr. Clemens Boersig, Chairman of the Supervisory Board, said: “Dr. Ackermann has given Deutsche Bank strong strategic positioning and steered the Bank safely through the crisis. Our performance in the first quarter 2009 is impressive evidence of this.”
He added: “This decision reflects the Supervisory Board’s esteem for and appreciation of Dr. Ackermann. It also secures leadership continuity for the bank. I am delighted that Dr. Ackermann is prepared to continue to lead the bank through the highly challenging years which lie ahead. I look forward to continuing to work with him.”
This release also contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our trading revenues, potential defaults of borrowers or trading counterparties, the implementation of our management agenda, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our SEC Form 20-F of 24 March 2009 under the heading "Risk Factors." Copies of this document are readily available upon request or can be downloaded from www.deutsche-bank.com/ir .