BERLIN, Nov 19 (Reuters) – Former Bundesbank chief Jens Weidmann is to be a candidate to change into chairman of Commerzbank’s (CBKG.DE) supervisory board after Helmut Gottschalk determined to not stand for a brand new time period within the function, the German financial institution mentioned on Saturday.
It mentioned shareholder representatives of the Presiding and Nomination Committee had responded positively to Gottschalk’s suggestion to suggest Weidmann for election to the supervisory board on the annual normal assembly in Might 2023.
“It’s also supposed that he’ll subsequently be elected the successor of Helmut Gottschalk as chairman,” the financial institution mentioned in an announcement.
Weidmann, an economist, stop final yr as head of the Bundesbank after a decade of fruitless opposition to the European Central Financial institution’s aggressive stimulus coverage of sub-zero rates of interest and big authorities bond purchases.
Reporting by Madeline Chambers; Enhancing by Mike Harrison
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