Deutsche Börse introduces candidates for election to its supervisory board
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Deutsche Börse introduces candidates for election to its supervisory board 12 March 2018Frankfurt Reporter: Jenna Lomax
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The supervisory board of Deutsche Börse has proposed three new candidates for its election to decide shareholder representatives.
The board will nominate Martin Jetter, Barbara Lambert and Joachim Nagel as candidates to succeed three retiring shareholder representatives—Craig Heimark, Erhard Schipporeit and Johannes Witt.
Current board member, Monica Mächler has also declared that she will not stand for another term of office.
Between 1999 and 2016, Joachim Nagel held several senior positions at Deutsche Bundesbank, while also serving as a member of its executive board between 2010 and 2016.
In addition, he is a member of the executive board of KfW Group and his candidacy will be subject to approval by the supervisory bodies of KfW.
Martin Jetter has held various senior roles at IBM and is currently senior vice president for Global Technology Services.
Barbara Lambert has held positions at WestLB, Arthur Andersen, Ernst & Young and Banque Pictet & Cie SA.
Lambert is an executive board member and group chief risk officer at Banque Pictet & Cie until 31 March 2018, and will be appointed to the bank's board of directors with effect from 1 April 2018.
Due to increased staffing levels, the supervisory board at Deutsche Börse will, in future, be composed in accordance with the provisions of the Mitbestimmungsgesetz (German Co-determination Act), with an equal number of shareholder representatives and employee representatives.
Up until now, shareholder representatives accounted for two-thirds and employee representatives for one-third of supervisory board members.
The three-year term of office of current members will end at the close of the annual general meeting on 16 May 2018.
Joachim Faber, chairman of the supervisory board, has announced that he will stand for re-election.
Commenting on the changes, Faber said: “The three candidates are a great enrichment to the supervisory board. They will contribute long-standing international expertise and extensive professional knowledge.”
He added: “The selection process was not easily done—candidates were chosen following an extensive screening, involving an external HR advisor, and taking the skills profile adopted by the supervisory board into account. I am therefore convinced that we have made a good choice.”
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