Deutsche Bank has decided to extend the duration of its co-CEO team by renewing the contract of Jürgen Fitschen.
The proposal to extend Fitschen’s contract was made in September by teh bank’s Chairman´s Committee and is now formally approved by Supervisory Board.
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The contracts of both co-CEOs Jürgen Fitschen and Anshu Jain will now continue through 31 March 2017.
Paul Achleitner, chairman of the bank’s Supervisory Board, said: "Fitschen and Jain together requested the renewal. They would like to continue their outstanding work in a partnership in the coming years for Deutsche Bank.
"Since becoming co-CEOs, Fitschen and Jain have made numerous important decisions that are positioning Deutsche Bank in the right direction. The Supervisory Board has therefore decided to support their request. We know our company is in good hands with them," Achleitner added.
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