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MANG - Change on the Board of Managing Directors of Commerzbank

Company: Commerzbank AG Date: 2011-08-09 Language: English Register to download

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 News Details

Corporate | 9 August 2011 18:11

#   

Change on the Board of Managing Directors of Commerzbank

Commerzbank AG / Key word(s): Change of Personnel

09.08.2011 / 18:11

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Change on the Board of Managing Directors of Commerzbank 

With great regret the Supervisory Board of Commerzbank today met with the
wish of Eric Strutz not to extend his mandate as Chief Financial Officer,
which expires at the end of March 2012. 'Eric Strutz is doing a great job,'
said Martin Blessing, Chairman of the Board of Managing Directors of
Commerzbank. 'I have a great working relationship with him, and it is a
pity that he is leaving us.'

'With considerable experience Eric Strutz has guided the finances of the
bank through extremely difficult times, and it is not only this that has
gained him an outstanding reputation. As a consequence, the Supervisory
Board regrets his decision all the more. At the same time we can understand
his desire to begin a new chapter in his personal plans for the future
following the successful conclusion of the capital measure. I would like to
thank Eric Strutz on behalf of all the members of the Supervisory Board for
his outstanding work, and wish him every success and all the very best for
the future,' said Klaus-Peter Müller, the Chairman of the Supervisory Board
of Commerzbank.

Eric Strutz, 46, has been working in key functions for Commerzbank for over
a decade now, initially as Executive Vice President, Strategy and
Controlling, thereafter as CFO. He has been a member of the Board of
Managing Directors of Commerzbank since April 2004. Eric Strutz will
continue to be in charge of his areas of responsibility until his contract
expires.

Press contact:
Armin Guhl   +49 69 13 642 764 
Reiner Rossmann  +49 69 13 646 646 

\*\*\*\*\* 

About Commerzbank 

Commerzbank is a leading bank for private and corporate customers in
Germany. With the segments Private Clients, Mittelstandsbank, Corporates &
Markets, Central & Eastern Europe as well as Asset Based Finance, the Bank
offers its customers an attractive product portfolio, and is a strong
partner for the export-oriented SME sector in Germany and worldwide. With a
future total of some 1,200 branches, Commerzbank has one of the densest
networks of branches among German private banks. It has above 60 sites in
more than 50 countries and serves more than 14 million private clients as
well as one million business and corporate clients worldwide. In 2010 it
posted gross revenues of EUR 12.7 billion with some 59,000 employees.

\*\*\*\*\* 

Disclaimer 

This release contains statements concerning the expected future business of
Commerzbank, efficiency gains and expected synergies, expected growth
prospects and other opportunities for an increase in value of the company
as well as expected future net income per share, restructuring costs and
other financial developments and information. These forward-looking
statements are based on management's current expectations, estimates and
projections. They are subject to a number of assumptions and involve known
and unknown risks, uncertainties and other factors that may cause actual
results and developments to differ materially from any future results and
developments expressed or implied by such forward-looking statements.
Commerzbank has no obligation to periodically update or release any
revisions to the forward-looking statements contained in this release to
reflect events or circumstances after the date of this release.


End of Corporate News

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09.08.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:    English                                                    
Company:     Commerzbank AG                                             
             Kaiserplatz                                                
             60261 Frankfurt am Main                                    
             Germany                                                    
Phone:       +49 (069) 136 20                                           
Fax:         -                                                          
E-mail:      ir@commerzbank.com                                         
Internet:    www.commerzbank.de                                         
ISIN:        DE0008032004                                               
WKN:         803200                                                     
Listed:      Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime  
             Standard), Hamburg, Hannover, München, SIX, Stuttgart;     
             Terminbörse EUREX; London                                  
 
 
End of News    DGAP News-Service  
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134997 09.08.2011