The Nomination Committee proposes that Paul Achleitner be elected as Chairman of the Supervisory Board
The Chairman of the Management Board and the Group Executive Committee of Deutsche Bank AG (XETRA: DBKGn.DE / NYSE: DB), Dr. Josef Ackermann, notified the bank’s Supervisory Board that he will no longer be available as a candidate to transfer onto the Supervisory Board following his departure from the Management Board effective upon the completion of the General Meeting 2012.
Dr. Josef Ackermann said that the extremely challenging conditions on the international financial markets and in the political-regulatory environment demand his full attention as the Chairman of the bank’s Management Board. This does not allow enough scope for the many talks with individual shareholders necessary to implement the original plan.
With regret, the Supervisory Board notes and respects this decision.
The Nomination Committee recommends that the Supervisory Board propose Dr. Paul Achleitner, currently member of the Board of Management of Allianz S.E., for election to the Supervisory Board at the General Meeting 2012. Furthermore, the Nomination Committee recommends that Dr. Paul Achleitner be elected at the meeting of the Supervisory Board following the General Meeting as Supervisory Board Chairman. Dr. Achleitner will be available for this office, pending the formal approval of the Supervisory Board of Allianz S.E.
As previously announced, Dr. Josef Ackermann will be leaving the bank’s Management Board, which he has been the Chairman of since 2002, with effect upon the completion of the General Meeting in May 2012. The process of transition to Jürgen Fitschen and Anshu Jain will be initiated as planned at the beginning of 2012.
This release 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 revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, 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 15 March 2011 under the heading “Risk Factors.” Copies of this document are readily available upon request or can be downloaded from www.deutsche-bank.com/ir.
This release also contains non-IFRS financial measures. For a reconciliation to directly comparable figures reported under IFRS, to the extent such reconciliation is not provided in this presentation, refer to the 3Q2011 Financial Data Supplement, which is accompanying this presentation and available at www.deutsche-bank.com/ir.