Personnel
The federal government must soon fill the gap in the Commerzbank supervisory board
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Since the rescue of Commerzbank during the financial crisis, the federal government has had two representatives on the institute’s supervisory board. One of the two positions will soon become available.
The federal government must partially reorganize its representation on the supervisory board of Commerzbank: Jutta Dönges will resign her mandate on the control committee at the general meeting on May 15, 2025, the Frankfurt DAX group announced.
Dönges was appointed to the supervisory board of the financial institution in 2020 in her former role as co-head of the German Finance Agency, which manages the federal government’s investment in Commerzbank. The second representative of the federal government on the control committee is currently the entrepreneur Harald Christ.
The federal government has been a major shareholder since the financial crisis
The German state saved Commerzbank from collapse during the 2008/2009 financial crisis with billions in taxes. At the beginning of September 2024, the federal government sold part of its shares in Commerzbank and the major Italian bank Unicredit invested in the institute on a large scale. The federal government currently holds around 12 percent.
The reason for Dönges’ withdrawal from the Commerzbank supervisory board is that the manager “as a board member of a listed company would like to reduce the number of her additional mandates,” the bank said. Dönges has been CFO of the energy group Uniper since March 1, 2023. She is also a supervisory board member at the tourism group Tui.
Commerzbank on Dönges’ personnel December 10, 2024 Supervisory Board Commerzbank
dpa
Source: Stern