Deutsche Bank Board Faces Revamp as Employee Reps Retire
- Seven out of 10 staff representatives are set to be replaced
- Deutsche Bank employees to elect new candidates in April
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Deutsche Bank AG’s supervisory board is facing its biggest revamp in several years as the majority of labor representatives are set to be replaced.
Seven of the ten employee representatives on the lender’s board have decided to leave the governance body, people familiar with the matter said. Only three incumbents — Jan Duscheck, Timo Heider and Manja Eifert — are seeking a renewal of their mandates. That would be the largest number of new appointments since at least 2018 for the board, which currently has 20 members.