REG-Commerzbank Aktiengesellschaft Commerzbank Aktiengesellschaft: CEO not to seek extension of his contract

COMMERZBANK AGAnnouncement

10/09/2024 17:00

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   Commerzbank Aktiengesellschaft (CZB)
   Commerzbank Aktiengesellschaft: CEO not to seek extension of his contract

   10-Sep-2024 / 17:46 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   Ad hoc release   10 September 2024

   Commerzbank: CEO not to seek extension of his contract

   Manfred Knof, CEO of Commerzbank AG, has today informed Jens Weidmann,
   Chairman of the Supervisory Board, that he will fulfil his contract, which
   runs until the end of December 2025, but won’t be at the disposal of
   Commerzbank beyond that date.

   The Chairman of the Supervisory Board, Jens Weidmann, has taken note of
   this with big regret, but has nevertheless expressed his respect for this
   decision and his great appreciation for Manfred Knof’s successful work.
   The Supervisory Board of Commerzbank AG will commence an orderly search
   process for the successor to the role of CEO immediately.

    

   Disclaimer

   This release contains forward-looking statements. Forward-looking
   statements are statements that are not historical facts. In this release,
   these statements concern inter alia the expected future business of
   Commerzbank, efficiency gains and expected synergies, expected growth
   prospects and other opportunities for an increase in value of Commerzbank
   as well as expected future financial results, restructuring costs and
   other financial developments and information. These forward-looking
   statements are based on the management’s current plans, expectations,
   estimates and projections. They are subject to a number of assumptions and
   involve known and unknown risks, uncertainties and other factors that may
   cause actual results and developments to differ materially from any future
   results and developments expressed or implied by such forward-looking
   statements. Such factors include the conditions in the financial markets
   in Germany, in Europe, in the USA and other regions from which Commerzbank
   derives a substantial portion of its revenues and in which Commerzbank
   holds a substantial portion of its assets, the development of asset prices
   and market volatility, especially due to the ongoing European debt crisis,
   potential defaults of borrowers or trading counterparties, the
   implementation of its strategic initiatives to improve its business model,
   the reliability of its risk management policies, procedures and methods,
   risks arising as a result of regulatory change and other risks.
   Forward-looking statements therefore speak only as of the date they are
   made. Commerzbank has no obligation to update or release any revisions to
   the forward-looking statements contained in this release to reflect events
   or circumstances after the date of this release.

   Contact:
   Christoph Wortig
   Head of Investor Relations
   Commerzbank AG
   Investor Relations
   Tel.: +49 69 9353 10080
   e-mail:ir@commerzbank.com

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   Dissemination of a Regulatory Announcement that contains inside
   information in accordance with the Market Abuse Regulation (MAR),
   transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:           DE000CBK1001
   Category Code:  MSCU
   TIDM:           CZB
   LEI Code:       851WYGNLUQLFZBSYGB56
   OAM Categories: 2.2. Inside information
   Sequence No.:   345988
   EQS News ID:    1985467


    
   End of Announcement EQS News Service

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