Commerzbank AG — Board/Management Information 2008

Sep 18, 2008

News Details

Corporate | 18 September 2008 15:02

Board of Managing Directors of the new Commerzbank appoints top executive level

Commerzbank AG / Change of Personnel

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
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Board of Managing Directors of the new Commerzbank appoints top executive
level
• Important milestone of integration accomplished
• Blessing: 'Acquisition of Dresdner Bank proceeds as planned'
As announced at the beginning of September, the Board of Managing Directors
of the new Commerzbank has now made a decision regarding the top executive
level in the Private Customers, Mittelstand, Corporates & Markets, Central
and Eastern Europe, Commercial Real Estate segments as well as in the
service and steering units. 'The acquisition of Dresdner Bank proceeds as
planned. The appointments mark an important milestone in preparing for the
integration,' said Martin Blessing, CEO of Commerzbank.
'We have selected the top people with whom we will master the tasks ahead
of us,' commented Blessing. 'It is one of the strengths of Commerzbank to
integrate talents from outside of the bank very quickly and very well.' The
goal was to select the best-qualified candidates, regardless of their
previous roles. 40 of the members of the new executive level for the
divisions to be integrated are already working for Commerzbank Group. 15
are currently deployed at Dresdner Bank. One of the new Executives will
join Commerzbank from the outside. The latest these appointments will come
into effect following the commencement of the merger in the second half of
2009. Until then, responsibilities within the Bank will remain unchanged.
These 56 Executives have been selected now so that they can participate in
shaping the integration from the start. A further four Executives are to be
named in due course. The four Executives of the Commercial Real Estate
segment remain in charge; Dresdner Bank does not have a comparable unit. In
total new Commerzbank’s top executive level will comprise 64 members.
18.09.2008 Financial News transmitted by DGAP

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Language: English
Issuer: Commerzbank AG
Kaiserplatz
60261 Frankfurt am Main
Deutschland
Phone: +49 (069) 136 20
Fax: -
E-mail: ir@commerzbank.com
Internet: www.commerzbank.de
ISIN: DE0008032004
WKN: 803200
Indices: DAX, CDAX, HDAX, PRIMEALL
Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard),
Hannover, München, Hamburg, Düsseldorf, Stuttgart;
Terminbörse EUREX; Foreign Exchange(s) London, SWX

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