Yngve Slyngstad (Deutsche Bank)

At Deutsche Bank’s Annual General Meeting on May 19, the long-time head of the Norwegian sovereign wealth fund will stand for election to the Supervisory Board: Yngve Slyngstad is to replace former Google security chief Gerhard Eschelbeck, who is stepping down after five years. The 59-year-old Norwegian led the world’s largest sovereign wealth fund for 13 years, where he focused on high ESG standards at an early stage. His nomination …

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Bayer & Temasek – the economic war reaches the AGM season

There are good reasons to criticize Bayer’s strategy. But the fact that the sovereign wealth fund of an autocratic country is blowing the whistle right now should set alarm bells ringing. Bayer is facing a turbulent Annual Stockholders’ Meeting on April 29. This year, opposition is coming not only from the usual suspects, but also from major shareholder Temasek. The Singapore sovereign wealth fund, which holds four percent of the …

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Stefan Sommer (Jost Werke)

Long-time top manager Manfred Wennemer is giving up one of his last posts: The 74-year-old is leaving the Supervisory Board of Jost Werke AG, which he has headed since 2017. His designated successor is long-time ZF Friedrichshafen CEO Stefan Sommer, who shareholders are expected to elect to the board at the annual general meeting in May. The commercial vehicle supplier is also proposing Deputy Chairman of the Supervisory Board Bernd …

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Katja Hessel (Deutsche Telekom)

Federal Finance Minister Christian Lindner is sending his Parliamentary State Secretary Katja Hessel to Deutsche Telekom: Shareholders are to elect the FDP politician to the supervisory board of the partly state-owned group at the shareholders’ meeting on April 7. The 50-year-old from Nuremberg joined the Bavarian state parliament in 2008 and moved to the Bundestag nine years later. Before her political career, Katja Hessel worked as a lawyer and tax …

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Reinhard Ploss (KnorrBremse)

Outgoing Infineon CEO Reinhard Ploss is allowing himself just two months’ rest: After leaving the company on March 31, the 66-year-old will stand for election to the Supervisory Board of Knorr-Bremse at the end of May. He is then to take over as Chairman, replacing 78-year-old former Daimler manager Klaus Mangold. The change at the top of the Supervisory Board is “planned for the long term,” said Mangold. Reinhard Ploss …

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Alessandra Genco (BASF)

The chemical company BASF wants to rejuvenate and internationalize its Supervisory Board: At the Annual Meeting in May, shareholders are to elect Alessandra Genco to the board. The 48-year-old works full-time as chief financial officer of the Italian aerospace and defense company Leonardo SpA (formerly Finmeccanica) in Rome. The former Goldman Sachs banker is joined in the election by ex-Bosch manager Stefan Asenkerschbaumer (65). The newcomers are to replace former …

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