Plus   Neg

Ceconomy Proposes Thomas Dannenfeldt As Chairman Of Supervisory Board

Ceconomy AG (MTAGF.PK,MTTRY.PK) said Thursday that its supervisory board will propose Thomas Dannenfeldt,54, to the shareholders at the Annual General Meeting on 17 February 2021 as a new member of the Supervisory Board. Subsequently, he would be elected as Chairman of the Supervisory Board.

Dannenfeldt will succeed Jürgen Fitschen whose term in office ends after 13 years at the end of Ceconomy's Annual General Meeting in February 2021. The AGM will take place on 17 February 2021 as a virtual event.

Dannenfeldt served for the Telekom Group for a total of 26 years, most recently as Chief Financial Officer of Deutsche Telekom AG.

New to the Supervisory Board is Sabine Eckhardt (48), who was already appointed by the court as a member of the Supervisory Board in October 2020. She succeeds Bernhard Duettmann, who resigned from the Supervisory Board on 17 October 2020 as part of his appointment for a further twelve months as Chairman of the Management Board of Ceconomy.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
General Electric Co. filed a lawsuit against Siemens Energy AG, accusing the German power distribution company of stealing trade secrets for gas turbines. Siemens Energy allegedly used the information to get at least nine contracts to supply gas turbines to public utilities, and also covered up improper business gains. Following a court ruling, the U.S. Food and Drug Administration postponed the effective date for tobacco manufacturing companies to display new health warnings on cigarette packets and in advertisements, by additional 90 days. The warnings with color images is to promote greater public understanding of the negative health consequences of smoking. JPMorgan Chase & Co (JPM) reported strong results in the fourth quarter of 2020, with net profit up 42% largely driven by credit reserve releases of $2.9 billion. The Group said it ended the year with a CET1 ratio of 13.1% and capital above $200 billion, providing with meaningful capacity to further...
Follow RTT