At the end of the year, Rudolf Ferscha will resign from his position as member of the Executive Board of Deutsche Brse and CEO of the Eurex companies Eurex Zurich AG, Eurex Frankfurt AG and Eurex Clearing AG.
The organization reports that he is leaving at his own request under “an amicable and mutual agreement.” As Deutsche Brse announced, Ferscha has resigned from his position as executive board member on December 28, 2005, and asked the Supervisory Board to cancel his employment contract.
Kurt Viermetz, chairman of Deutsche Brse’s Supervisory Board said: “On behalf of Deutsche Brse I thank Rudolf Ferscha for his service to the company. Mr. Ferscha has fulfilled his duties in a highly professional manner in a stable and growing however at times difficult market environment. We respect his wish to take over new responsibilities outside the company.”
Markus Granziol, chairman of the Supervisory Boards of Eurex, thanked Ferscha highlighting his role in Eurex’s expansion, in particular in Europe. Ferscha made a significant contribution to Eurex’s ongoing success and helped building momentum for the exchange, Francioni said.
Ferscha joined Deutsche Brse in late 2000 assuming responsibility for the Group’s Derivatives Markets activities. At the same time he was appointed CEO of Eurex Frankfurt AG, Eurex Clearing AG and Eurex Zurich AG. Before joining Deutsche Brse Ferscha held various positions at Goldman Sachs.
Francioni will assume Ferscha’s responsibilities at Deutsche Brse on an interim basis in addition to his own tasks.