Changes on the Supervisory Board of Deutsche Beteiligungs AG: Long-standing Supervisory Board members to retire

Changes on the Supervisory Board of Deutsche Beteiligungs AG: Long-standing Supervisory Board members to retire

  • Axel Holtrup and Dr Jörg Wulfken stand as candidates for the first time
  • Gerhard Roggemann has reached the age limit – Wilken von Hodenberg will retire from his office

Frankfurt/Main, 9 January 2020 – The composition of Deutsche Beteiligungs AG's Supervisory Board will change with the upcoming Annual General Meeting on 20 February 2020: a proposal will be placed before shareholders to elect Mr Axel Holtrup and Dr Jörg Wulfken to the Supervisory Board. The two long-standing members of the Supervisory Board, Messrs Gerhard Roggemann and Wilken von Hodenberg, will retire from the Board on that date. Mr Roggemann, the Chairman of the Supervisory Board, has reached the age limit of 72 years determined by the Supervisory Board; Mr von Hodenberg has decided to retire from his office at the listed private equity company at the end of the Annual General Meeting.

The two candidates will contribute extensive experience in the private equity business. Axel Holtrup is a seasoned private equity investor with more than 20 years of investment experience. Having started his professional career in 1995, with US investment bank Morgan Stanley in London and Frankfurt/Main, he served as a partner at private equity firms Investcorp, Silver Lake Partners and AEA Investors. Based in London, since 2017, he has been active as a venture capital investor and as a business angel for start-up companies.

As a lawyer, Dr Jörg Wulfken started his career as a legal advisor in the capital markets financing division of the former Westdeutsche Landesbank. Having worked for law firm Clifford Chance in London and Frankfurt/Main and Bankgesellschaft Berlin, he then in 2003 joined law firm Mayer Brown as a partner. Dr Wulfken has been a partner at PricewaterhouseCoopers GmbH since 2015, focusing on banking, finance, capital markets and investment law, amongst other areas.

Gerhard Roggemann has been a member of the Supervisory Board of Deutsche Beteiligungs AG since March 2010, and has served as its Chairman since September 2018. Wilken von Hodenberg served as Speaker of DBAG's Board of Management since July 2000; having retired from the Board of Management, he was elected to the Supervisory Board in March 2013.

The invitation to the Ordinary General Meeting, published today, to be held on 20 February 2020 in Frankfurt/Main, contains further details concerning the curricula vitae of the two candidates.