At its meeting today (April 27), the Supervisory Board of Deutsche Bank unanimously decided to request that Josef Ackermann should extend his contract by three years, until the Annual General Meeting of 2013.
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. Ackermann has given Deutsche Bank strong strategic positioning and steered the Bank safely through the crisis,” says Clemens Boersig, chairman of the supervisory board. “Our performance in the first quarter 2009 is impressive evidence of this.”
“This decision reflects the Supervisory Board’s esteem for and appreciation of Ackermann. It also secures leadership continuity for the bank. I am delighted that 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.”
D.C.