EQS-News

Jens Weidmann new Chairman of Commerzbank’s Supervisory Board

EQS-News: Commerzbank Aktiengesellschaft / Key word(s): AGM/EGM Jens Weidmann new Chairman of Commerzbank’s Supervisory Board 31.05.2023 / 19:29 CET/CEST The issuer is solely responsible for the content of this announcement.   Unanimous election following today’s Annual General Meeting Jens Weidmann: “Thanks to the transformation progress, Commerzbank is again in a good position to help shape the economic future of Germany.” AGM approves dividend of 20 cent per share Jens Weidmann is the new Chairman of the Supervisory Board of Commerzbank. Following today’s Annual General Meeting (AGM), the Supervisory Board unanimously elected the former President of Deutsche Bundesbank as successor to Helmut Gottschalk. Previously, the shareholders had elected Weidmann to the committee by a large majority.

“I'm looking forward to the important task of accompanying Commerzbank on its way ahead in my role as Chairman of the Supervisory Board. I would like to thank the shareholders and the Supervisory Board for their trust,” said Jens Weidmann. “As the largest economy in Europe, Germany needs an efficient banking sector. As the leading bank for the Mittelstand, Commerzbank has a key role here. Thanks to the transformation progress, the Bank is again in a good position to help shape the economic future of Germany.”

Helmut Gottschalk, who had been elected as Chairman of the Supervisory Board in 2021, said: “With Dr Weidmann, the Bank was able to gain a widely respected personality for the election to the Supervisory Board and its Chair – thanks to early initiating the succession process. I am pleased about that. Jens Weidmann stands for stability and independence, so that Commerzbank can continue its successful course of independent development. I began two years ago with the aim of leading the Bank to new strength together with the Board of Managing Directors. In that, we have succeeded. Commerzbank is back – in the profit zone and in the leading German stock index Dax.”