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Corporate Governance – portrayed in the individual cultural and legal framework, from the standpoint of equity capital.

VIPsight is a dynamic photo archive, sorted by nations and dates, by and for those interested in CG from all over the world.

VIPsight offers, every month:
transparent and independent current information / comments / facts and figures on corporate governance locally and internationally,

  • written by local CG experts,
  • selected and structured by the Club of Florence,
  • financed by its initiator VIP and other sponsors with a background of “Equity and Advisory” interests.

VIPsight International

Article Index




Stine Bosse was appointed to the Supervisory Board of Allianz by Munich District Court. The former head of Tryg, as planned, replaced Gerhard Cromme, Europe’s largest insurer announced in Munich on 20 August. Cromme had been a member for almost eleven years as a shareholder representative. Under the Danish woman, the second-largest Scandinavian insurance group had one of the best IPOs in Copenhagen.


Due to differing views on the implementation of business policy, the paths of Bilfinger Berger and Klaus Raps are to separate at the end of the year. Jochen Keysberg has therefore been appointed to the Board of Bilfinger Berger, Mannheim, as from 1 November. He joined the service and construction company in 1997 and is currently CEO of Bilfinger Berger Ingenieurbau GmbH.


As the Deutsche Börse announced on 18 September, the committee will be reduced in the coming year from six to five members and the cash-market division merged with the futures-market division. As part of the reorganization, the Frankfurt market operator also stated that Frank Gerstenschläger will at his own request and “in friendly agreement with the company” let his board contract expire on 31 March 2013.



As he did more than nine years ago as Deutsche Lufthansa CEO, Wolfgang Mayrhuber will probably replace the retiring incumbent Jürgen Weber in a few months as Supervisory Board chairman. Its Nomination Committee recommended Mayrhuber as successor on 19 September. Weber described him as his preferred candidate. Another recommendation follows the same pattern: the Committee also encouraged Karl-Ludwig Kley as successor to the outgoing Klaus G. Schlede, also retired. Kley had followed Schlede in 1998 as Lufthansa CFO. He is currently CEO of Merck. Mayrhuber was Lufthansa CEO until the end of 2010 and currently chairs the Supervisory Board of Infineon.


Manfred Kroneder and Michael Bush are on the board of DOUGLAS HOLDING from 17 September. After several weeks of speculation in the book industry about Michael Busch leaving Thalia, the books chief has now been promoted. This emphasized that the group continues to support Thalia and is convinced of the restructuring programme presented to the Supervisory Board. The appointment of Kroneder should document externally the particular importance of the profitable perfumes side, said Supervisory Board chair Jörn Kreke. Anke Giesen left the company at the same time at her own personal wish. The previous Human Resources Director, on the board of the Hagen conglomerate since November 2009, is, as announced, moving to the Board of Fraport in Frankfurt.


The European Aeronautic Defence and Space Company (EADS) has parted from Stefan Zoller with immediate effect. The longtime chief of the defence division was replaced by Bernhard Gerwert, who was previously responsible for the operations of the armaments subsidiary Cassidian. Zoller, who had led Cassidian since 2005, has left the aviation group. His contract actually still has until 2015 to run. Günter Butschek and John Leahy also move to the Group Board, completing the new 13-member executive committee immediately. Both Airbus executives are considered confidants of Enders, who had before his rise to company head in June headed the main EADS subsidiary, Airbus. In the future, five of the members will be French and five German, plus the Spaniard Domingo Urena-Raso and the Americans Leahy and Sean O’Keefe. Enders took the helm EADS in June, replacing Louis Gallois. Under his management the Board will determine the Group-wide strategies of the company.


Peter Feldmann (SPD) was appointed to the Supervisory Board of Fraport by the competent registration court of Frankfurt am Main on 3 September. Frankfurt’s new mayor takes over the post of Jutta Ebeling (Greens), which the former mayor of the city resigned as from 31 August this year, the airport operator announced. Feldmann’s contract applies initially until the end of the 2013 AGM.


The Supervisory Board of Fresenius Medical Care has appointed Ron Kürbitz to the Board with effect from 1 January 2013. Thus, the company has found a manager for the vacant Board position of the CEO of Fresenius Medical Care North America. Kürbitz follows Rice Powell, who will at that time take over the executive chair of the supplier of products and services for individuals with chronic kidney failure.


On 1 February 2013 Marcus A. Ketter will be Chief Financial Officer at Klöckner & Co. The 44-year-old is, after several international management positions, currently CFO at Schuler. He takes over the duties of Accounting/Finance, Controlling and Taxation from Gisbert Rühl, to date additionally in charge of the Finance portfolio, as well as IT. No longer on the executive committee since the end of September, surprisingly, is COO Ulrich Becker. A replacement will follow as quickly as possible, it was said.


As Kontron announced on 2 September, the two Supervisory Board members Andreas Plikat and Stephen Burke were appointed to the Board with effect from 1 September. As a result, the Board increased from four to six members. As Chief Operating Officer Plikat is to manage the operations, among them quality assurance and IT. Burke, until 31 August Member of the Supervisory Board of the small computer manufacturer, has been appointed as Chief Strategy Officer for a period of six months.


ProSiebenSat.1 has created a new management department and appointed the first woman to top management. Heidi Stopper, previously Executive Vice President of Human Resources, has been appointed to the board of the broadcasting group with effect from 1 October. Stopper had in the last two years, besides her own ProSiebenSat.1 Academy, installed important performance and talent management tools, says CEO Thomas Ebeling.


From 1 October, Martin Siebert has strengthened the management team at Rhön-Klinikum. He was since early 2010 head of the Median hospitals; previously he had worked 16 years for Asclepius. After the failed takeover by Fresenius Wolfgang Pföhler and Erik Hamann also had to leave the company. Both go at their own request, Pföhler at the turn of the year, while Hamann left the Board on 30 September.


Ralph Labonte, whose contract actually runs until the end of September 2013, has for health reasons asked for an earlier end to his contract at ThyssenKrupp. The Personnel Director was a member of the Group Board for almost ten years. The North Rhine-Westphalia IG Metall and Germany’s biggest steel group announced on 10 September that Oliver Burkhard would stand as a candidate at the AGM on 21 November.



At Vossloh Jürgen Blume resigned from the Supervisory Board for health reasons on 31 August. On the filling of the post, the rail technology group declined to comment. In 2013 the Annual General Meeting will elect a completely new Supervisory Board. It is quite possible that major shareholder Thiele will occupy the vacant place. In the meantime, the district court should appoint a successor.