Deutsche Bank AG (DB) said that Hugo Bänziger and Hermann-Josef Lamberti would step down from the Management Board and would leave the Bank on May 31, 2012. Therefore, the company's Supervisory Board has named three long-serving executives to the Management Board as of June 1, 2012.
Stephan Leithner would lead global Human Resources, Legal and Compliance, and become chief executive for Europe with oversight of the Bank's Regional Management in Europe; and Stuart Lewis would be Chief Risk Officer with oversight of market, credit and operational risk, while Henry Ritchotte would be chief operating officer leading Technology, Operations and Strategy.
Furthermore, three members of the Supervisory Board namely Clemens Börsig, Maurice Lévy and Theo Siegert would retire from the board. Also, the Supervisory Board decided to propose that shareholders elect as their representatives at the AGM Paul Achleitner, currently a member of the Management Board of Allianz SE; Peter Löscher, Chairman of Siemens AG's Management Board of ; and Klaus Trützschler, a member of the Management Board of Franz Haniel & Cie. GmbH. It is also intended that Paul Achleitner be elected Supervisory Board chairman at the meeting of the Supervisory Board.
In addition to the approval of consolidated financial Statements and annual financial statements for 2011, the Supervisory Board proposed to pay an unchanged dividend of 0.75 euros per share.
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