"/>

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: 望谟县| 新宾| 昭觉县| 乐东| 安塞县| 航空| 安平县| 阳山县| 上林县| 建平县| 米泉市| 秭归县| 天峻县| 泰兴市| 濮阳县| 台江县| 阿尔山市| 富宁县| 于田县| 普陀区| 柘城县| 思南县| 大宁县| 鸡东县| 舒兰市| 平湖市| 宁河县| 澳门| 通州市| 保康县| 淄博市| 宝丰县| 安福县| 赤峰市| 新晃| 应用必备| 富源县| 鄂尔多斯市| 昌平区| 海安县| 封开县|