Changes on the Supervisory Board of DBAG: Gerhard Roggemann the new Chairman
Frankfurt am Main, Germany, 26 September 2018. The Supervisory Board of Deutsche Beteiligungs AG (DBAG) has elected the former Vice Chairman, Gerhard Roggemann, as its new Chairman. Mr Roggemann will assume his position on 14 October 2018. The change became necessary when the former long-serving Chairman of the Supervisory Board, Andrew Richards, stepped down for health reasons. Mr Richards will leave the Supervisory Board of DBAG at the end of business on 13 October 2018. He has been a member of the Supervisory Board since March 2004 and its Chairman since March 2006. Election of a new member of the six-person Supervisory Board is set to take place at the next ordinary Annual Meeting on 21 February 2019.
Gerhard Roggemann has been a member of the Supervisory Board of DBAG since March 2010, most recently as its Vice Chairman, a member of the Executive and Nomination Committee as well as Chairman of the Audit Committee. He started his career as a Managing Director at J.P. Morgan & Co., New York, prior to his appointment to the Board of Management of Norddeutsche Landesbank, Hanover, in 1991. From 1996 to 2004, Mr Roggemann was a member of the Board of Management of WestLB AG, Dusseldorf, and until 2014 he was Vice Chairman Investment Banking of Canaccord Genuity Limited, London (formerly: Hawkpoint Partners Ltd., London).
The election of a new Chairman is effecting further changes in the Supervisory Board of DBAG. The future Vice Chairman of the Supervisory Board and Chairman of the Audit Committee will be Dr Hendrik Otto, who has been a member of the Supervisory Board since March 2011 and a member of the Audit Committee since march 2013. Dr Otto is a member of the Board of Management of WEPA Industrieholding SE, Arnsberg. He was previously a Partner at law firm Mayer Brown LLP and worked at HSBC Investment Banking in London.
Further information on the Supervisory Board of DBAG and its members can be found on the website at https://www.dbag.com/investor-relations/corporate-governance/members-of-the-board/