New member nominations for Deutsche Bank board 04 April 2018Frankfurt Reporter: Jenna Lomax
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Deutsche Bank has submitted a proposal to its annual general meeting for four new shareholder representatives to be elected to its supervisory board.
The meeting will be held on 24 May.
The nominees include Mayree Clark, John Thain and Michele Trogni.
Clark is founder and managing partner of Eachwin Capital and serves as a director of Ally Financial, Regulatory Data Corp and Taubman Centers. She spent 24 years with Morgan Stanley in a variety of roles.
Thain is currently a member of the board of directors of Uber Technologies, among other mandates. He has previously served as chief executive officer of CIT Group, Merrill Lynch and the New York Stock Exchange. Before that, he was president and chief operating officer of Goldman Sachs.
Trogni’s portfolio currently includes a position as a member of the board of directors of Morneau Shepell. During her career, she was most recently executive vice president at IHS Markit. She previously worked at UBS where she spent 25 years, most recently as group chief information officer.
Deutsche Bank announced in March 2017, Norbert Winkeljohann will also be proposed as a new member of the supervisory board. He is currently chairman of the management board of PricewaterhouseCoopers Europe and spokesman of the firm’s executive board in Germany, but is due to leave PwC on 30 June and join the Deutsche Bank supervisory board on 1 August.
Deutsche Bank added that these new members will succeed Dina Dublon, Louise Parent, Henning Kagermann and Johannes Teyssen, whose terms of office expire as scheduled.
No one is available for re-election, although Dublon has offered to remain in office for a transitional period that will end on 31 July.
The supervisory board has also nominated Gerd Alexander Schütz for re-election. Schütz was initially elected to the supervisory board for one year by the 2017 annual general meeting. He is now to be elected for another five years.
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