Deutsche Bank has extended the contract of CEO Christian Sewing by three years through April 2029, Germany's largest lender said on Thursday.
Deutsche Bank has extended the contract of its CEO, Christian Sewing, until 2026, signaling continued confidence in his leadership as the bank navigates through its strategic transformation. Alongside this announcement, the bank revealed that its Chief Financial Officer, James von Moltke, will step down in May 2024 to pursue other opportunities, although he will remain with the bank until the end of June 2024 to ensure a smooth transition. Deutsche Bank is currently in the process of searching for von Moltke's successor. This leadership update comes at a time when the bank is focusing on improving profitability and efficiency, with Sewing's extended tenure aimed at maintaining stability and continuity in these efforts.
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