Sigmar Gabriel gets nomination for Deutsche Bank‘s Supervisory Board

Maria Nikolova

Sigmar Gabriel was Germany’s Vice Chancellor from December 2013 to March 2018.

Deutsche Bank’s Nomination Committee has nominated Sigmar Gabriel to join the Supervisory Board as a new member. Mr Gabriel will succeed Jürg Zeltner who stepped down from the Supervisory Board at the end of last year.

Under the German stock corporation law, Sigmar Gabriel is to be appointed by the court as a member of the Supervisory Board and stand for election by the shareholders at the next Annual General Meeting. The relevant application was filed with the local court in Frankfurt today.

Sigmar Gabriel has held senior political positions for decades. He was Germany’s Vice Chancellor from December 2013 to March 2018 and a member of Chancellor Angela Merkel’s cabinet for nine years in total, initially serving as Federal Minister for the Environment, Nature Conservation and Nuclear Safety, then as Federal Minister for Economic Affairs and Energy and lastly as Federal Minister for Foreign Affairs. He was Leader of the Social Democratic Party of Germany from 2009 to 2017 and a member of the federal parliament (German Bundestag) from 2005 to November 2019. Before his career at the federal level he was Prime Minister of Lower Saxony from 1999 to 2003.

Back then he was also a member of the Chairman’s Committee of Volkswagen’s Supervisory Board. He was also a member of the Board of Supervisory Directors at KfW Group from 2005 to 2009 and one of its alternating chairmen from 2013 to 2017.

Since leaving the federal government Mr Gabriel has been engaged in a number of international committees and organisations. Since June 2019 he has been the honorary chairman of the Atlantik-Brücke, a member of the Board of Directors of the International Crisis Group, a member of the Trilateral Commission and of the European Council on Foreign Relations. He also works as an advisor for corporates on international affairs.

Sigmar Gabriel holds a degree in German Language and Literature, Politics and Sociology from the University of Göttingen. He is a lecturer at the University of Bonn and a Senior Fellow at the Center for European Studies at Harvard University.

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