Bernhard Pellens

Supervisory Board of the week: Bernhard Pellens (ThyssenKrupp)

When it comes to accounting, he is a true luminary: Bochum economics professor Bernhard Pellens (62) has written standard works and also dared to step out of the academic ivory tower into business – including as a member of the Supervisory Board of ThyssenKrupp. There he has now been promoted to Chairman of the Board and successor to Ulrich Lehner, as became known a few days ago. In this role, …

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Grammer

Supervisory Board of the week: Grammer

A major challenge for the twelve-member Supervisory Board of the Bavarian automotive supplier Grammer: The Supervisory Board must fill all Executive Board positions after all three Executive Board members announced this week that they would be resigning from their positions – only a few weeks after the takeover by the Chinese investor Ningbo Jifeng, which they unanimously endorsed. “With my resignation, I am giving the Supervisory Board and major shareholder …

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Frauenquote

Percentage of women: Why Villeroy & Boch did not find a member of the Supervisory Board

As only recently became known, the traditional ceramic manufacturer Villeroy & Boch was unable to fill a position on the Supervisory Board due to the proportion of women at the beginning of the year – according to Handelsblatt as the first German company. The reason: The employees, who make up five of the twelve supervisory boards, elected only one and not two women – as aimed for. “Except for one …

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Rolf Nonnenmacher

Code reform: Rolf Nonnenmacher criticizes his predecessors

Der Vorsitzende der Regierungskommission Deutscher Corporate Governance Kodex, Rolf Nonnenmacher, hat seinen Vorgängern laut einem Bericht der Börsen-Zeitung ein schlechtes Zeugnis ausgestellt. Sie hätten bisweilen erst mit Zeitverzug auf aktuelle Diskussionen reagiert und den Kodex geändert, monierte der frühere KPMG-Deutschland-Chef dem Bericht zufolge auf der DVFA Governance & Stewardship Konferenz in Frankfurt: „Hier hätte mehr getan werden können.“ Durch die Zurückhaltung sei eine Diskrepanz zu den Erwartungen der Investoren entstanden, …

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Peter Löscher

Supervisory Board of the week: Peter Löscher

Former Siemens CEO Peter Löscher plans to resign as Chairman of the Supervisory Board of the Austrian oil and gas group OMV next year. The 61-year-old announced at the end of last week’s Annual General Meeting on May 14, 2019 that he would leave the company. According to media reports, the reason for the decision is that the native Carinthian dislikes the route of the conservative right-wing populist government and …

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Uli Hoeneß

Bavaria supervisory board: Hoeneß holds on to Winterkorn and Stadler

The chairman of the supervisory board of FC Bayern Munich, Uli Hoeneß, continues to rely on Martin Winterkorn and Rupert Stadler. In an interview with the Frankfurter Allgemeine Sonntagszeitung he emphasised that the two members of the Bayern supervisory board are only accused in the Diesel scandal for the time being, “as long as that is the case, I don’t have to go and forget everything they have done for FC …

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Rolf Martin Schmitz

RWE CEO Rolf Schmitz:”Investor pressure is growing

The energy company RWE wants to start clearing a hundred hectares of forest in the Hambach Forest in October in order to mine coal there. But criticism is growing in the run-up – not only from environmental activists, but also from investors who across a broad front are demanding a quicker departure of the group from the coal business. Winfried Mathes, corporate governance expert at Deka, now told WirtschaftsWoche – …

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Mark Wilhelms

Supervisory Board of the week: Norma finds replacement for Stefan Wolf

Following the inglorious departure of Supervisory Board Chairman Stefan Wolf, who was voted out of office at the Annual General Meeting in May, the supervisory body of the industrial and automotive supplier Norma Group is once again complete: The MDax company has appointed Stabilus CFO Mark Wilhelms to its six-member Supervisory Board. The manager has”many years of experience and expertise both in the financial sector and in information technology,” was …

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Erich Sixt

Manager of the Year: Sixt in front of Dommermuth and Riske

The analysis and consulting firm Obermatt has named family entrepreneur Erich Sixt “CEO of the Year” in the category “large German companies”. The 74-year-old head of the car rental company of the same name has been managing the company, which was founded in 1912, in the third generation since 1969. Sixt now has 2200 stations in over 100 countries and around 5000 employees, generating annual sales of more than two …

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KTG Agrar

Manager liability: Ex-KTG board members and supervisory board members in court

Civil litigation has begun in Hamburg against former members of the Management Board and Supervisory Board of the agricultural group KTG. Insolvency administrator Stefan Denkhaus is demanding a total of 189 million euros in damages from former boss Siegfried Hofreiter and seven other managers. The Hamburg Regional Court must now clarify whether Hofreiter & Co. played down the desolate situation of KTG Agrar at the expense of the creditors and …

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Engelbert Lütke Daldrup

Airport BER: Conflict between managing director and supervisory board members

At its meeting last Friday, the Supervisory Board of Berlin-Brandenburg Airport (FBB) decided on an important personnel matter: The committee headed by Chairman Rainer Bretschneider appointed civil engineer Carsten Wilmsen, who is currently responsible for real estate management at Munich Airport, as BER’s new Chief Technology Officer. On November 1, he will replace Jörg Marks, who had asked for termination of the contract. However, Wilmsen will not move up to …

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Cancom SE

Supervisory Board of the week: Klaus Weinmann

The founder, major shareholder and long-time CEO of the listed IT company Cancom SE resigns at his own request. Klaus Weinmann wants to concentrate more on the management of his investment company Primepulse from October. Following Weinmann’s recommendation to the Cancom Supervisory Board, his successor will be Board Member Thomas Volk. With Volk “an outstanding successor” was ready, said Weinmann. “”I am very pleased that the Supervisory Board unanimously supports …

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