After four months of search, Commerzbank has chosen a chairman on Sunday and two new board members, including a woman called. At a hastily called meeting, the Supervisory Board Martin Zielke private customers chose the new CEO. The 53-year-old Zielke will succeed Martin Blessing on May 1st. Blessing had turned down the offer in the fall to extend his contract which expires in October 2016. Blessings last great appearance as chairman of Germany’s second largest financial institution will now be the general meeting on April 20.
Author: Hanno Mußler, editor in business.
the new CEO Zielke has been since November 2010 as a private customer board the long unprofitable branch business of Commerzbank with a narrower distribution control, clever advertising campaigns and better online resources to grow. The after two rounds “socially responsible” staff cuts about 11,000 employees in approximately 1,000 stores are now better utilized. The jump over the break succeeded 2014. Under Zielke also operates since November 2010 Michael Mandel, who has previously Commerzbank subsidiary Comdirect out as CEO two and a half years. The 49-year-old almond now moves on to the private customers Officer of Commerzbank, as the supervisory board on Sunday also decided. Thus the Seller Type Mandel (nicknamed Magic Almond) worked for the fifth time in his career under Zielke as Chef
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The new boss: Martin Zielke
While the decision for Zielke has endorsed as reported, the supervisory board also succeeded a real surprise: 45-year-old Bettina Orlopp, previously Executive Vice President for Corporate Development and Strategy, will in future the new Board division, Compliance, Human Resources and Law answer. When Orlopp moving up from the Plenipotentiary for board depends on banking supervision. That the mother of two and a doctorate in business administration obtained the approval, probably is unquestionable. Once that happens, Zielke will lead an eight-member board with her as the only woman.
What makes the new CEO? You underestimated Martin Zielke easily. Unlike Divisional Board almond or Blessing Zielke has little time for grandstanding. Unlike Blessing, almond and Orlopp who worked before her banking career at McKinsey – Orlopp about after all, from 1995 to 2014 – Zielke was never a business consultant. Since 1983, when born in Hofgeismar Zielke started an apprenticeship at Deutsche Bank in Kassel, he’s Banker, interrupted only by studying business administration in Göttingen. 1990 pushed Zielke for Dresdner Bank, supported in 1999 the former Dresdner Bank Private Customers board Blessing when he by Deutsche Bank led negotiations on the later failed merger with Deutsche Bank 24 with Herbert Walter and Rainer Neske.
Commerzbank
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Since 2002, Zielke worked for Commerzbank. He knows not only in the private customer business but also worked for corporate clients and in accounting, such as the CFO of real estate company Euro Hypo. From January 2008 to November 2010 Zielke was the middle of the financial crisis important area board for group accounting (Group Finance). “It was the Supervisory very important that the new CEO is broadly to successfully develop the positive way the Bank as an internationally operating commercial bank on one side and as a leading retail bank on the other side”, the chairman Klaus-Peter Mueller said on Sunday to employees
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