Paul Achleitner

Paul M. Achleitner (born 28 September 1956, in Linz) is an Austrian businessman who has been chairman of the supervisory board of Deutsche Bank[2] since 31 May 2012.[3]

Paul Achleitner
Paul Achleitner - World Economic Forum Annual Meeting 2012.jpg
Achleitner at the World Economic Forum annual meeting in 2012
Born28 September 1956 Edit this on Wikidata (age 64)
EducationUniversity of St. Gallen, Harvard Business School
Net worth85€ million [1]
Awards
  • Cicero Orator Prize (2002) Edit this on Wikidata

EducationEdit

Achleitner studied Business Administration, Economics, Law and Social Sciences at the University of St. Gallen, where he also earned his doctorate.[4][5] He also earned a master's degree in business administration from Harvard Business School.[6]

CareerEdit

Achleitner worked for Bain and Company and as the managing director of the German subsidiary of Goldman Sachs. In 2000, Achleitner joined Allianz AG as chief financial officer, where he was primarily responsible for finance and investments.[7] He left Allianz in 2012 after his appointment to the chairman of the supervisory board of Deutsche Bank.[7] He retained the support of the bank's biggest shareholder, Qatari Sheikh Hamad bin Jassim bin Jaber Al Thani,[8] and, in 2017, shareholders backed Achleitner's re-election to a second five-year term.[9] From 2018 until 2020, he faced for three years in a row a vote to remove him from his post.[10] Through his time in office, he oversaw multiple CEO changes, including Anshu Jain (2012-2015), Jürgen Fitschen (2012-2016), John Cryan (2015-2018) and Christian Sewing (since 2018).[11]

According to various surveys,[12] Achleitner was the highest paid supervisory board head at Germany's 30 biggest listed companies that make up the benchmark DAX index between 2016[13] and 2018.[11] In August 2019 alson, he bought nearly 1 million euros of the bank's shares.[14] In Munich, he shares an office with his wife Ann-Kristin Achleitner, Michael Diekmann, Joachim Faber and Peter Löscher.[15]

Achleitner is an honorary professor of the WHU - Otto Beisheim School of Management in Vallendar, Germany, where he teaches a course in investment banking. He is also head of the Exchange Expert Commission,[16] and a member of the German federal commission for the German Corporate Governance Code.

Other activitiesEdit

Corporate boardsEdit

  • Bayer AG, Member of the Supervisory Board (since 2002)[17]
  • Henkel AG & Sons, Member of the Shareholders' Committee (since 2001), Member of the Finance Subcommittee[18]
  • Daimler, Member of the Supervisory Board (2010-2020)[19]
  • RWE AG, Member of the Supervisory Board (2000-2013)

Non-profit organizationsEdit

Personal lifeEdit

He is married to Ann-Kristin Achleitner, a professor of business at Technische Universität München.[25]

ReferencesEdit

  1. ^ https://www.dasvermoegen.com/paul-achleitner-vermoegen/
  2. ^ "All the President's Friends: These Are Trump's Ties in Davos". Bloomberg.com. Retrieved 2018-01-25.
  3. ^ "Supervisory Board". Deutsche Bank. Archived from the original on 6 June 2013.
  4. ^ "Dr. Paul Achleitner". Daimler. Archived from the original on 27 April 2014. Retrieved 30 January 2013.
  5. ^ "Achleitner move to Deutsche Bank defuses conflict". Reuters. 2011-11-15. Retrieved 2019-11-01.
  6. ^ Dougherty, Carter (2007-07-13). "A governance guru". The New York Times. ISSN 0362-4331. Retrieved 2019-11-01.
  7. ^ a b Ewing, Jack (2018-05-20). "Deutsche Bank's Problems Threaten a Star Banker". The New York Times. ISSN 0362-4331. Retrieved 2019-12-05.
  8. ^ James Shotter (November 21, 2016), Deutsche Bank nominates Achleitner for second term as chairman Financial Times.
  9. ^ Tom Sims (May 18, 2017), Deutsche Bank management gets shareholder backing of its agenda at AGM Reuters.
  10. ^ Tom Sims, Patricia Uhlig and Hans Seidenstuecker (May 20, 2020), Deutsche Bank chairman to stand down in 2022 Reuters.
  11. ^ a b Hans Seidenstuecker (October 8, 2019), Deutsche Bank's chairman best paid among German blue chips in 2018 Reuters.
  12. ^ Hans Seidenstücker (April 29, 2019), Deutsche Bank's Achleitner best-paid chairman of German companies -survey Reuters.
  13. ^ Christoph Steitz (November 23, 2016), Top German supervisory board chairs earn 4.4 pct more in 2016-report Reuters.
  14. ^ Hans Seidenstuecker (September 2, 2019), Deutsche CEO to invest 15% of monthly net pay in bank's shares Reuters.
  15. ^ Henning Peitsmeier and Klaus Max Smolka (May 22, 2017), Die geheime Machtzentrale in München Frankfurter Allgemeine Zeitung.
  16. ^ "Deutsche Bank's Paul Achleitner to Head Commission FTD says". Bloomberg. Retrieved 1 March 2013.
  17. ^ Supervisory Board Bayer AG.
  18. ^ "Paul M. L. Achleitner". Businessweek. Retrieved 25 February 2013.
  19. ^ Martin Murphy and Franz Hubik (February 15, 2020), Paul Achleitner verlässt Daimler-Aufsichtsrat Handelsblatt.
  20. ^ Steering Committee Bilderberg Group.
  21. ^ International Advisory Council Bocconi University.
  22. ^ Paul Achleitner European Financial Services Roundtable (EFR).
  23. ^ Brookings Announces New Trustees Brooking Institution, press release of July 19, 2013.
  24. ^ Advisory Council Munich Security Conference.
  25. ^ Fockenbrock, Dieter (16 November 2011). "Paul und Ann-Kristin Achleitner: Die Familien-Aufseher" [Paul and Ann-Kristin Achleitner: The Supervisor Family]. Handelsblatt.

External linksEdit