Deutsche Bank investor to file AGM motion to oust chairman
12 Apr 2019

Deutsche Bank investor Riebeck-Brauerei plans to file a motion seeking a vote to oust the bank’s chairman Paul Achleitner at this year’s annual general meeting, a lawyer for the shareholder said on Thursday.

Jan Bayer, Riebeck-Brauerei’s lawyer, said the justification to oust Achleitner was for his “dismal performance” and for pursuing a “value-destructive” merger with Commerzbank.

Bayer said that he planned to file the motion for his client in the next week. Riebeck-Brauerei is an investment company which has a small shareholding in Deutsche Bank.

Deutsche Bank, which is due to hold its annual general meeting on May 23, declined to comment.

By Tom Sims, Reuters, 11 April 2019

Read more at Reuters

Read more:

US: Deutsche Bank fined $220m in LIBOR rigging probe

Money laundering: Deutsche Bank ‘processed $150 billion of suspicious cash’

Deutsche Bank keeping EU lawmakers in dark over money laundering troubles, says MEP

Count reading this article to your CPD minutes, by signing up to our CPD Wallet

FREE CPD Wallet
No Responses to “Deutsche Bank investor to file AGM motion to oust chairman”

You must be logged in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.