The Limited Times

Now you can see non-English news...

Difficult new start: Commerzbank fears for hope

2020-10-20T12:15:50.812Z


The ailing Commerzbank wants to attack with a new CEO and a new chief supervisor. But the new beginning is already under criticism. And insiders fear another prominent exit.


Icon: enlarge

Roland Boekhout

Photo: Andreas Arnold / dpa / picture alliance

The message was clear.

When Commerzbank

recruited Roland Boekhout

(57) from Dutch competitor ING

more than a year

ago and appointed him to the board of directors for corporate customers, it was clear to board members and supervisory board members that someone would come with the format to

replace

the already battered CEO

Martin Zielke

(57).

"That was self-evident in view of Boekhout's experience," recalls one of the executive committee.

Boekhout first made the German ING subsidiary into a leading digital bank and expanded the corporate customer business.

After returning to the parent company, he worked on the integration of the Dutch and Belgian units in order to make ING more efficient.

When Zielke actually dropped out at the beginning of July, it came too early for the Dutchman.

In Frankfurt he has so far lacked the time and opportunity to distinguish himself - also because of the corona pandemic.

In addition, he was unlucky that with Zielke, senior controller

Stefan Schmittmann

(63) fled.

Now insiders fear that another job will soon have to be filled: Boekhout's.

Continue reading with

Understand economy.

Achieve more.

Exclusive insider stories, trends and backgrounds.

Your advantages with manager magazin +

  • Icon: Check

    All articles on manager-magazin.de

    Exclusive research by the editorial team and the best of "The Economist"

  • Icon: Check

    Read the manager magazine

    as an app and e-paper - on all your devices

  • Icon: Check

    Try one month for free

    Cancel anytime online

    All articles in the manager app

    for only € 24.99 per month

One month for € 0.00

Try now for 0.00 € Buy nowArrow to the right

Already have a digital subscription? Register here

Restore iTunes subscription

manager + is processed via your iTunes account and paid for with a purchase confirmation.

24 hours before it expires, the subscription is automatically renewed for one month at the current price of € 24.99.

You can cancel the subscription at any time in the settings of your iTunes account.

In order to use manager + outside of this app, you must link the subscription to a manager ID account immediately after purchase.

With the purchase you accept our general terms and conditions and privacy policy.

Source: spiegel

All news articles on 2020-10-20

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.