Retail Board Martin Zielke to replace on 1 May Commerzbank CEO Martin Blessing. Had an unloaded external candidate have been better?
Zielke is a close associate of Blessing, which has a disastrous record and has to answer exchange loss in his time more than 90 percent. For an external structural reforms would have been easier. but I think you should Zielke give a grace period.
Had supervisory board chairman Klaus-Peter Müller better to go with the same Blessing?
It would have been better in principle, only to appoint a new chairman of the board and then a new CEO. Thus, there is a risk to cement old structures. Müller and Blessing have the bank driven into the state rescue in 2008 and 2012/13 failed in their rehabilitation. Müller However Blessing supported to save themselves. I am convinced that the supervisory board will only go ahead if a replacement is agreeable to him.
The state entry is about seven years ago. Is not it time to go for the collar?
The federal government has to get back a large portion of government assistance and is involved even to 15 percent. Currently, he could go out only with high book losses. I think the state will only sell if he comes out plus minus zero.
Can Commerzbank remain ever independently on time?
Yes. may exclude one while a takeover not, but for a potential buyer’s profitability is much too low and the risks are incalculable. In addition, the state has an interest in ensuring that there are two independent future large institutions in Germany, the largest economy in Europe.
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