Mr. Kopper had communicated his decision in writing to the Bank’s Chairman of the Management Board, Constantin von Oesterreich, in mid-December of last year while at the same time informing the shareholders in a separate letter of his intention to stand down.
“I acknowledge Mr. Kopper’s decision with great regret. He assisted the Bank during one of its most difficult phases and accomplished much during the Bank’s realignment. When he took up his post in mid-2009 Mr. Kopper stated that he would stay in office for a maximum period of three years. On behalf of the Management Board and of the entire HSH Nordbank I would like to thank Mr. Kopper for his outstanding efforts to safeguard the Bank’s future, ” stated Constantin von Oesterreich.
The majority shareholders will announce the succession of Mr. Kopper in the Supervisory Board today during a press conference.