"/>

国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Investor representatives urge Deutsche Bank to replace chairman

Source: Xinhua    2018-05-22 21:03:54

BERLIN, May 22 (Xinhua) -- The investment management company and shareholder representative Hermes EOS urged Deutsche Bank on Tuesday to begin looking for a successor to the embattled supervisory board chairman Paul Achleitner.

Speaking ahead of Deutsche Bank's upcoming annual general meeting, Hermes chief executive officer Hans-Christoph Hirt argued that Achleitner shared part of the blame for the sluggish pace of corporate restructuring efforts at Germany's largest financial institute.

"In our opinion, (Achleitner) is ultimately responsible for the limited progress which Deutsche Bank has made in its quest for a value-added strategy," Hirt said.

Achleitner has occupied the role of board chairman at Deutsche Bank for six years and is officially scheduled to continue to do so for another four years. During his term of stewardship, the Dax-listed company witnessed several reshuffles of senior personnel and repeatedly failed to meet earnings targets in spite of an ambitious restructuring program launched by ex-CEO John Cryan.

Deutsche Bank suffered annual losses of 735 million euros (868 million U.S. dollars) in 2017, taking the total figure of cumulative annual losses since 2015 to 9 billion euros.

Hirt recommended to the Frankfurt-based company to draw up concrete plans for a replacement of the chairman. If Achleitner wanted to retain his post, he would have to "demonstrate that he leads more effectively."

Following the haphazard nature of Cryan's sacking in a recent scandal surrounding bonus payments, Achleitner has increasingly heard calls to resign.

Although the recommendations of shareholder representatives are not binding, they are usually accorded significant weight by U.S. and British institutional investors.

Editor: Xiang Bo
Related News
Xinhuanet

Investor representatives urge Deutsche Bank to replace chairman

Source: Xinhua 2018-05-22 21:03:54

BERLIN, May 22 (Xinhua) -- The investment management company and shareholder representative Hermes EOS urged Deutsche Bank on Tuesday to begin looking for a successor to the embattled supervisory board chairman Paul Achleitner.

Speaking ahead of Deutsche Bank's upcoming annual general meeting, Hermes chief executive officer Hans-Christoph Hirt argued that Achleitner shared part of the blame for the sluggish pace of corporate restructuring efforts at Germany's largest financial institute.

"In our opinion, (Achleitner) is ultimately responsible for the limited progress which Deutsche Bank has made in its quest for a value-added strategy," Hirt said.

Achleitner has occupied the role of board chairman at Deutsche Bank for six years and is officially scheduled to continue to do so for another four years. During his term of stewardship, the Dax-listed company witnessed several reshuffles of senior personnel and repeatedly failed to meet earnings targets in spite of an ambitious restructuring program launched by ex-CEO John Cryan.

Deutsche Bank suffered annual losses of 735 million euros (868 million U.S. dollars) in 2017, taking the total figure of cumulative annual losses since 2015 to 9 billion euros.

Hirt recommended to the Frankfurt-based company to draw up concrete plans for a replacement of the chairman. If Achleitner wanted to retain his post, he would have to "demonstrate that he leads more effectively."

Following the haphazard nature of Cryan's sacking in a recent scandal surrounding bonus payments, Achleitner has increasingly heard calls to resign.

Although the recommendations of shareholder representatives are not binding, they are usually accorded significant weight by U.S. and British institutional investors.

[Editor: huaxia]
010020070750000000000000011100001371983351
主站蜘蛛池模板: 韩城市| 祁连县| 临湘市| 桐梓县| 巍山| 承德县| 宁夏| 应用必备| 孟津县| 衡东县| 乌拉特中旗| 葫芦岛市| 石河子市| 壤塘县| 吴江市| 徐汇区| 三台县| 色达县| 四川省| 秦安县| 新余市| 安陆市| 长白| 承德市| 碌曲县| 宾川县| 桃园县| 柏乡县| 绥滨县| 宝应县| 房产| 永寿县| 綦江县| 衡东县| 长春市| 青神县| 溧水县| 丰顺县| 基隆市| 鲁山县| 蓝山县|