HAMBURG/KIEL – The Chief Executive Officer of HSH Nordbank AG, Dr. Paul Lerbinger, has reached an agreement with Hilmar Kopper, Chairman of the Supervisory Board, whereby he will terminate his activities for the Bank at the end of October 2012.
The approval required is to be obtained from the Supervisory Board at its meeting on 24 October. At the same time, the Supervisory Board will receive a proposal for Constantin von Oesterreich, the Bank’s current Chief Financial Officer (CFO), to be appointed as the new Chief Executive Officer.
The Supervisory Board Chairman, Mr. Kopper, stated that “the departure of Dr. Lerbinger during this difficult restructuring phase for the Bank is regrettable. Dr. Lerbinger deserves many thanks for the work he has done and for his untiring efforts amid very demanding underlying conditions.”