The shareholders of Deutsche Börse AG elected the company’s new Supervisory Board at the AGM today. The Supervisory Board members then elected Dr Joachim Faber as Chairman and Gerhard Roggemann as deputy. Faber takes over the office from Dr Manfred Gentz (70) who is retiring from the board. Elections were held for the entire Supervisory Board and Chair due to the expiry of the existing terms of office.
Dr Joachim Faber was born in Giessen in 1950. He studied law at the University of Bonn and received his PhD from the German University of Administrative Sciences in Speyer. Faber initially occupied various management positions at Citicorp in Frankfurt and London before being appointed to the Executive Board of Allianz Versicherungs-AG in 1997. In 2000 he became CEO of Allianz Global Investors AG and was a member of the Executive Board of Allianz SE until 2012.
Faber has been a member of the Deutsche Börse AG Supervisory Board since May 2009. He is also a member of the Board of Directors of the Hongkong and Shanghai Banking Corporation and of other renowned organisations such as the German Council for Sustainable Development and the “BCCG” (Berlin Center of Corporate Governance).
Gerhard Roggemann was born in Bremen on 2 January 1948. He studied law at universities in Munich, Lausanne and Kiel, obtaining his degree in 1974. Roggemann was a member of the Managing Board of WestLB AG from 1996 until 2004.
Prior to that he held positions at Norddeutsche Landesbank, Hanover, as well as J.P. Morgan & Co in Frankfurt and Tokyo. Roggemann is Vice Chairman of the UK corporate finance company Hawkpoint Ltd and – since its recent takeover by the Canadian investment firm Canaccord Genuity – Vice Chairman at Canaccord Genuity Hawkpoint. He has been a member of the Supervisory Board of Deutsche Börse AG since 2005 and was also a member from 1998 to 2003. He has been deputy chairman since 2008.
Commenting on the decisions, Dr Manfred Gentz said, “I congratulate my successor Dr Faber and his deputy Mr Roggemann on their election. This smooth transition in the top Supervisory Board offices is another important means of charting a good and stable future course for Deutsche Börse AG. The company is in excellent shape and very well positioned in terms of global competition. I am pleased to be able to pass the Supervisory Board chairmanship into such capable hands. Moreover, I would like to thank the Supervisory Board members for the committed and competent support I enjoyed in our work together over the last few years.”
The entire Supervisory Board expressly thanked Gentz for his services and his tireless work over the years.