Former chief executive of Deutsche Bank AG (DB), Josef
Ackermann, is weighing whether to give up his seat on the
supervisory board of electronics company Siemens AG (SI, SIE.XE),
according German newspaper Frankfurter Allgemeine Zeitung on
Thursday, citing unnamed sources close to the company.
Zurich Insurance Group AG (ZURN.VX, ZURVY) said Wednesday it had
appointed a new chairman following the controversial departure of
Mr. Ackermann, who abruptly resigned last month following the
suicide of the company's chief financial officer.
Zurich Insurance said in a statement its board of directors has
hired Tom de Swaan, who had been serving as acting chairman in the
wake of Mr. Ackermann's departure.
Mr. Ackermann, one of Europe's most influential financiers,
announced his resignation on Aug. 29, following the suicide of
Pierre Wauthier, citing feelings among Mr. Wauthier's family that
Mr. Ackermann is to blame for the former finance chief's death.
Newspaper website: www.faz.de
Write to Dennis Baker at dennis.baker@dowjones.com
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