DJ Commerzbank Aktiengesellschaft: CEO not to seek extension of his contract
Commerzbank Aktiengesellschaft (CZB) Commerzbank Aktiengesellschaft: CEO not to seek extension of his contract 10-Sep-2024 / 17:46 CET/CEST The issuer is solely responsible for the content of this announcement. =---------------------------------------------------------------------------------------------------------------------- Ad hoc release 10 September 2024
Commerzbank: CEO not to seek extension of his contract
Manfred Knof, CEO of Commerzbank AG, has today informed Jens Weidmann, Chairman of the Supervisory Board, that he will fulfil his contract, which runs until the end of December 2025, but won't be at the disposal of Commerzbank beyond that date.
The Chairman of the Supervisory Board, Jens Weidmann, has taken note of this with big regret, but has nevertheless expressed his respect for this decision and his great appreciation for Manfred Knof's successful work. The Supervisory Board of Commerzbank AG will commence an orderly search process for the successor to the role of CEO immediately.
Disclaimer
This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts. In this release, these statements concern inter alia the expected future business of Commerzbank, efficiency gains and expected synergies, expected growth prospects and other opportunities for an increase in value of Commerzbank as well as expected future financial results, restructuring costs and other financial developments and information. These forward-looking statements are based on the management's current plans, 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. Such factors include the conditions in the financial markets in Germany, in Europe, in the USA and other regions from which Commerzbank derives a substantial portion of its revenues and in which Commerzbank holds a substantial portion of its assets, the development of asset prices and market volatility, especially due to the ongoing European debt crisis, potential defaults of borrowers or trading counterparties, the implementation of its strategic initiatives to improve its business model, the reliability of its risk management policies, procedures and methods, risks arising as a result of regulatory change and other risks. Forward-looking statements therefore speak only as of the date they are made. Commerzbank has no obligation to 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: Christoph Wortig Head of Investor Relations Commerzbank AG Investor Relations Tel.: +49 69 9353 10080 e-mail:ir@commerzbank.com
----------------------------------------------------------------------------------------------------------------------- Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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ISIN: DE000CBK1001 Category Code: MSCU TIDM: CZB LEI Code: 851WYGNLUQLFZBSYGB56 OAM Categories: 2.2. Inside information Sequence No.: 345988 EQS News ID: 1985467 End of Announcement EQS News Service =------------------------------------------------------------------------------------
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(END) Dow Jones Newswires
September 10, 2024 11:46 ET (15:46 GMT)
