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Josef Ackermann

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Shell says hunt for new CEO is underway

The hunt for Royal Dutch Shell's next chief executive is underway, its chairman said on Tuesday, after CEO Peter Voser made what could be his last appearance at the oil group's annual shareholder meeting.Voser announced his surprise decision three weeks ago to step down in the first half of 2014, before his 56th birthday, and less than five years into the role."The process has started," Shell chairman Jorma Ollila told Reuters after the meeting when asked about the succession plan.Ollila chairs the three-man nomination and succession committee that will choose Voser's replacement.Voser has been a pillar of Shell's new-found stability since he re-joined the company as finance director in October 2004 as part of a wholesale clear-out of disgraced former top management following a reserves accounting scandal.Employees of the 180-year old Anglo-Dutch group, which traditionally grows its own top executives, believe an import is unlikely to get the top job, but Voser is only the second perso...

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  1. Deutsche Bank Net Slumps in Weak Debut for Co-CEOs

    Deutsche Bank AG (DBK.XE) on Tuesday said it would post an unexpectedly sharp drop in second-quarter net profit and warned that it won't meet earlier market expectat...

  2. Deutsche Bank Supervisory Board Faces Mounting Investor Pressure Ahead Of AGM

    Deutsche Bank AG's (DBK.XE) supervisory board is facing mounting opposition ahead of May's annual general meeting as a shareholder advisor Sunday said it recommends ...

  3. Deutsche Bank Chief Says Europe Needs Growth Pact - TV

    Europe "absolutely" needs an economic growth pact, but should avoid more central bank liquidity injections, Deutsche Bank AG's (DBK.XE) chief executive said in a tel...

  4. Deutsche Bank Net Profit Off 33%, Investors Wary

    Germany's Deutsche Bank AG on Thursday reported a 33% drop in first-quarter net profit on Thursday on one-off charges and cautious sentiment that hit business volume...

  5. Deutsche Bank Board Faces Investor Discontent Ahead Of AGM

    Deutsche Bank AG's (DBK.XE) supervisory board is facing opposition ahead of May's annual general meeting, with a large institutional investor criticizing the German ...

  6. Deutsche Bank To Propose Fitschen For Election To BdB Board

    Deutsche Bank AG (DB) will propose its designated co-Chief Executive Juergen Fitschen for election to the board of the Federal Association of German Banks, or BdB, t...

  7. Credit Suisse CEO Dougan Takes Sharp Pay Cut In 2011

    Credit Suisse's (CS) Brady Dougan took one of the biggest hits in his 2011 paycheck of any chief executive at a major global bank, the Swiss bank's annual report rev...

  8. Deutsche Bank CEO Postpones Leadership Meeting - Report

    DOW JONES NEWSWIRESOutgoing Deutsche Bank AG (DB) Chief Executive Josef Ackermann has postponed a much-anticipated April 11 meeting of the bank's leadership, German ...

  9. Deutsche Bank's New Co-CEO Jain Gets EUR9.77 Million Total Compensation For 2011

    Deutsche Bank AG (DB) Tuesday said its top investment banker and designated co-Chief Executive Anshu Jain earned slightly more for 2011, including deferred bonus pay...

  10. Deutsche Bank Names Chadha, Cloete As Co-CEOs For Asia Pacific

    Deutsche Bank AG (DB) said Friday it has appointed Gunit Chadha and Alan Cloete as co chief executive officers for the Asia Pacific region, effective June 1.They rep...

  11. Deutsche Bank Reshuffles Management Board

    Deutsche Bank AG (DB) Friday said two of its board members will leave the bank along with outgoing chief executive Josef Ackermann in May, in what marks the first mo...

  12. Volkswagen's Winterkorn Draws Record German Salary For 2011

    After record results in 2011, Volkswagen AG (VOW.XE) reported Monday its Chief Executive Martin Winterkorn more than doubled his earnings for the year with a total E...

  1. Lufthansa Duels Over Chairman

    Deutsche Lufthansa AG's shareholders meeting Tuesday became a duel between U.S. and German corporate-governance standards amid a dispute over whether the airline's f...

  2. Deutsche Bank must face shareholder lawsuit: judge

    Deutsche Bank AG lost a bid Wednesday to end a shareholder lawsuit accusing it of misrepresenting the risk of packaging home loans into complex financial products.U....

  3. Deutsche Bank Swings to Loss as It Cleans Up

    Deutsche Bank AG (DB) posted a fourth-quarter net loss of 2.17 billion euros ($2.94 billion) as it took substantial hits to clean up its business and set aside costs...

  4. Deutsche Bank Swings to EUR2.17 Billion Net Loss on Charges

    Germany's Deutsche Bank AG (DB), Europe's largest lender by assets, Thursday said it swung to a net loss of 2.17 billion euros ($2.93 billion) in the fourth quarter,...

  5. German lawmakers quiz Deutsche Bank officials on Libor

    German parliamentarians questioned Deutsche Bank's compliance chief Stephan Leithner and former board member Hugo Baenziger on Wednesday over how banks including the...

  6. Deutsche Bank faces Libor questions from German lawmakers

    Deutsche Bank's compliance chief Stephan Leithner and former board member Hugo Baenziger face skeptical German lawmakers on Wednesday as parliamentarians seek answer...

  7. Ex Deutsche Bank CEO criticizes successor for skipping hearing

    The former head of Germany's Deutsche Bank Josef Ackermann criticized his successor Anshu Jain on Monday for not agreeing to appear at a German parliamentary hearing...

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