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

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