BERLIN – Former Bundesbank chief Jens Weidmann is to be a candidate to turn out to be chairman of Commerzbank’s supervisory board after Helmut Gottschalk determined to not stand for a brand new time period within the function, the German financial institution stated on Saturday.
It stated shareholder representatives of the Presiding and Nomination Committee had responded positively to Gottschalk’s suggestion to suggest Weidmann for election to the supervisory board on the annual normal assembly in Could 2023.
“It's also supposed that he'll subsequently be elected the successor of Helmut Gottschalk as chairman,” the financial institution stated in a press release.
Weidmann, an economist, stop final yr as head of the Bundesbank after a decade of fruitless opposition to the European Central Financial institution’s aggressive stimulus coverage of sub-zero rates of interest and large authorities bond purchases.
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