Press Release Press Release

search

April 04, 2011

Wilhelm Nüse, Chairman of the Supervisory Board of Bank Forum, passed away

● Sascha Klaus to become Chairman of the Supervisory Board of Bank Forum

Wilhelm Nüse, Chairman of the Supervisory Board of Bank Forum and Vice Chairman of Commerzbank's Central & Eastern Europe Holding died suddenly and unexpectedly on March 31, 2011 at the age of 58. "We have lost a very respected colleague who was highly committed to Commerzbank for over 25 years", said Achim Kassow, who is responsible for the Central & Eastern Europe segment within the Board of Managing Directors of Commerzbank. "Our thoughts are with his family in these sad hours." Sascha Klaus, member of the Supervisory Board of Bank Forum and responsible for risk management in the Central & Eastern Europe Holding is the new Chairman of the Supervisory Board of Commerzbank's Ukrainian subsidiary. The succession is to be approved by the Annual General Meeting of Bank Forum on April 26, 2011.

Wilhelm Nüse headed the Commerzbank branch in Moscow between 1987 and 1991. He was subsequently responsible for Commerzbank's business in Central and Eastern Europe and Western Asia and among others initiated the investment of Commerzbank into BRE Bank in Poland. Mr Nüse became a Regional Board Member for Central and Eastern Europe in 2005 and a member of the Board of Commerzbank's Central & Eastern Europe Holding and Chairman of the Supervisory Board of Bank Forum in 2008.

Sascha Klaus, aged 40, moved from Deutsche Bank to risk management at Dresdner Kleinwort in New York in 2000, before returning to Dresdner Bank¿s head office in 2008. He has been responsible for risk management on the Board of Managing Directors of Commerzbank's Central & Eastern Europe Holding since the beginning of 2010.

Commerzbank currently holds a 94.5 % stake in Bank Forum.


Press contact:
Simone Fuchs +49 69 136 44910


*****


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 approximately 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.

Contact

Top