- Annual Meeting elects Axel Holtrup and Dr Jörg Wulfken to the Supervisory Board
- Dr Hendrik Otto elected as new Chairman
- Gerhard Roggemann and Wilken von Hodenberg have retired
Frankfurt/Main, 21 February 2020 – The composition of the Supervisory Board of Deutsche Beteiligungs AG (DBAG) has changed: The Annual General Meeting of the listed private equity company yesterday elected Axel Holtrup and Dr Jörg Wulfken to the Supervisory Board, by a large majority. The election had become necessary due to the retirement of two long-standing members of the Supervisory Board, Gerhard Roggemann and Wilken von Hodenberg. Mr Roggemann, the outgoing Chairman of the Supervisory Board, has reached the set retirement age limit of 72 years determined by the Supervisory Board, while Mr von Hodenberg had made the decision to resign from his office at the end of yesterday’s Annual Meeting. Following the Annual Meeting, the six members of the Supervisory Board elected the former Chairman of the Audit Committee, Dr Hendrik Otto, as the new chairman.
The two new members bring with them a wealth of experience in the private equity business: Axel Holtrup (born 1968) 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 then served as a partner at private equity firms Investcorp, Silver Lake Partners and AEA Investors. Based in London, he has been active as a venture capital investor and as a business angel for start-up companies since 2017.
As a lawyer, Dr Jörg Wulfken (born 1960) started his career as a legal advisor in the capital markets financing division of the former Westdeutsche Landesbank. Having worked for the law firm Clifford Chance in London and Frankfurt/Main and for Bankgesellschaft Berlin, he then joined the law firm Mayer Brown as a partner in 2003. Dr Wulfken has been a partner at PricewaterhouseCoopers GmbH since 2015, focusing on banking, finance, capital markets and investment law, amongst other areas.
Dr Wulfken will chair the Audit Committee of the Supervisory Board, which also includes Sonja Edeler as future Deputy Chairperson, and Dr Otto. Dr Wulfken is also a member of the Executive Committee, which includes the Chairman of the Supervisory Board, Dr Otto and Philipp Möller who remains Deputy Chairman of the Supervisory Board.
At yesterday’s Annual Meeting, Torsten Grede, Spokesman of the Board of Management of Deutsche Beteiligungs AG, expressed his sincere thanks to the two retiring members. Gerhard Roggemann had been a member of the Supervisory Board since March 2010 and served as its Chairman since September 2018. Wilken von Hodenberg had served as Speaker of the Board of Management since July 2000; having retired from the Board of Management, he was elected to the Supervisory Board in March 2013. His work for Deutsche Beteiligungs AG has seen the development of a bank-related investment company into an independent private equity house, which commands a leading position in the market with its broad range of equity solutions for Germany’s ‘Mittelstand’.