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VIPsight

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

 

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Enrico Tommaso Cuchiani, responsible on the Allianz board for insurance business in Europe and South America, will in future preside at Intesa Sanpaolo as Chief Executive Officer. The 61-year-old manager has asked the German insurance company to be released from his contract at the year’s end. Allianz has already signaled readiness. Cucchiani is to start with the Italians on 22 December.

 

 

Josef Ackermann has told the Supervisory Board of Deutsche Bank that he is no longer a candidate for a move to it after his retirement from the board following the 2012 Annual Meeting, said the bank in a statement. Instead, Allianz CFO Paul Achleitner is to be the new Deutsche Bank Supervisory Board chairman.

 

Edward Kozel has asked the Supervisory Board of Deutsche Telekom to terminate his current contract, up in 2015, early for personal reasons.The Chief Technology and Innovation Officer wants to leave the Bonn-based group at the year’s end, Handelsblatt reported, among other things. The Supervisory Board will decide on the American’s request on 15 December. A successor is reportedly not being sought.

 

Drägerwerk is losing its Director of Sales and Marketing. Carla Kriwet is leaving the medical and safety technology specialist at the year’s end, after only twelve months, by mutual agreement. The Lübeck firm is silent about the reasons for the resignation.  Marketing will therefore not be re-organized until 2013, otherwise than planned. The 40-year-old was the first and only woman on the five-member board.

Gigaset has appointed Charles Fränkl as the new chief executive.  According to indications the 53-year-old is an accomplished and recognized expert in international business, telecommunications and information technology. So far Maik Brockmann and Alexander Blum had shared CEO tasks equally. Both remain on the board, according to the statement.

 

From 1 January 2012, Infineon Technologies will again be based on four operating segments. Arunjai Mittal will come onto the board then, and take on the newly created position of Head of Marketing, Sales and Strategy Development.  Currently head of the industrial-chip division, he is mainly to take care of growth in the increasingly important Asian markets.

 

From among its members, the Supervisory Board has elected Franz Markus Haniel as its new Chairman, METRO announced. The representative of the major shareholder (34.2 percent), he succeeds Jürgen Kluge, who in October announced his intention to resign. Olaf Koch will take over from Eckhard Cordes as Chief Executive Officer on 1 January 2012. The CFO was elected by eleven votes to ten.

 

Jürgen Zeschky of Voith Turbo will succeed Thomas Richterich at the top of Nordex . The 51-year-old will take up the post by 1 April 2012, the Hamburg-based wind-turbine manufacturers announced on 4 November. The longtime CEO’s contract ends in June next year. Richterich would not renew his contract “for personal reasons,” it was said.

 

At Q-Cells, the CFO surprisingly jumped ship on 14 November. Marion Helmes is giving up her post in the group on her own volition, said Nedim Cen. The CEO is taking over the position of CFO until further notice. The Supervisory Board regretted Helmes’s resignation, it was stated.