The Supervisory Board of Eurohypo AG will undergo restructuring, a necessary step towards the further advancement of the Bankâs entry into the capital markets. Following the Annual Shareholdersâ Meeting on May 25, 2005, Dr. Joachim v. Harbou, Chairman of the Supervisory Board, Eurohypo AG, Prof. Dr. Clemens Börsig, Member of the Managing Board of Directors, Deutsche Bank AG and Martin Blessing, Member of the Managing Board of Directors, Commerzbank, will end their mandates as Supervisory Board Members. They will be succeeded by three leading German corporate personalities. This new formation is an important and necessary development for the success of Eurohypoâs second stock market flotation.
At the Annual Shareholdersâ Meeting on May 25th the following candidates will be nominated for election to the Supervisory Board:
- Dr. Manfred Gentz, formerly Member of the DaimlerChrysler AG Management Board
- Dr.-Ing. E.h. Hans-Peter Keitel, Chairman of the HOCHTIEF AG Management Board
- Hans Reischl, former Chairman of the Management Board of REWE Zentral AG
After the Annual Meeting, the Eurohypo Supervisory Board will elect a new Chairman. Dr. Gentz will be proposed for this position.
On the restructuring of the Supervisory Board, Dr. Joachim V. Harbou commented: âEurohypo has successfully completed the integration phase following the merger of the three mortgage banks of Deutsche Bank, Dresdner Bank and Commerzbank. I am pleased that with the restructuring of the Supervisory Board, we have succeeded in moving Eurohypo another step nearer the capital markets and increased the depth of our professional expertise and corporate experience still further.â
Source: Eurohypo
