Home Banking Change on DVB Bank’s Supervisory Board: Mr Flemming Robert Jacobs retires and is succeeded by Mr Carl Erik Steen

Change on DVB Bank’s Supervisory Board: Mr Flemming Robert Jacobs retires and is succeeded by Mr Carl Erik Steen

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Frankfurt/Main – Mr Flemming Robert Jacobs, who was a member of DVB Bank SE’s Supervisory Board since 10 June 2005 as a shareholder representative, retired from the Supervisory Board and its Credit Committee in accordance with DVB’s internal age regulations upon the close of DVB’s Ordinary Annual General Meeting (AGM) held in Frankfurt/Main today. Mr Carl Erik Steen, independent Senior Advisor, Oslo, Norway, was elected member to the Supervisory Board.

Ordentliche Hauptversammlung DVB Bank SE

Carl Erik Steen

At the AGM, Mr Wolfgang F. Driese, CEO and Chairman of the Board of Managing Directors, expressed his appreciation for Mr Jacobs: “I am very grateful that Mr Jacobs has been supporting DVB’s business development over the past eight years. During this period the Bank has accomplished its mission to become the leading specialist in international transport finance. Due to many years of experience in the shipping industry, Mr Jacobs’ advice has been invaluable, especially in his responsibility as a member of the Bank’s Credit Committee. And, I am also delighted that we have been able to gain Carl Steen, an outstanding expert in the area of shipping finance, who will continue Mr Jacobs’ successful work.”

Mr Jacobs started his career in the shipping industry in 1960 when he joined AP Møller. He helped building up Maersk Line into one of the world’s leading container lines and in 1996 he became a partner of AP Møller. Between 1999 and 2003 he was President & CEO of Singapore based Neptune Orient Lines, owners of American President Lines and APL Logistics. On 1 September 2004 he became a member of the Supervisory Board of Rotterdam-based DVB Bank N.V., and on 10 June 2005 he joined the Supervisory Board of DVB Bank AG. Following the merger of DVB Bank N.V. into DVB Bank AG and the transformation of DVB Bank AG into DVB Bank SE in 2008, Mr Jacobs was a member of DVB Bank SE’s Supervisory Board.

Flemming Robert Jacobs

Flemming Robert Jacobs

Mr Jacobs commented: “I have been proud to serve DVB and I have been impressed with its management and staff, who have jointly so competently and carefully navigated the Bank through both challenges and opportunities over the years in the interest of all stakeholders. It is truly a fine Bank.”

Mr Jacobs is succeeded by Mr Steen, who has spent nearly his entire career in the shipping industry. From 1978 to 1983 he was director of I. M Skaugen A/S. In 1983, he joined Christiania Bank Luxembourg S.A. as Managing Director. After 1987 he held several senior positions in the Bank’s Shipping Department and eventually became Head of Shipping, Offshore and Oil Services International Division in 2001 when Christiania Bank merged with MeritaNordbanken and Unibank into Nordea. Between 2007 and 2011 he acted as Head of Shipping, Oil Services & International Division. Today he is the Chairman of the Supervisory Board of Capreca AS and a member of the Supervisory Board of Seadrill Limited, Wilh Wilhemsen Holding ASA and several other companies.

About DVB Bank SE:
DVB Bank SE, headquartered in Frankfurt/Main, Germany, is the leading specialist in the international Transport Finance business. The Bank offers integrated financing solutions and advisory services in respect of Shipping Finance, Aviation Finance, Offshore Finance and Land Transport Finance. DVB is present at all key international financial centres and transport hubs: at its Frankfurt/Main head office, as well as various European locations (Athens, Bergen/Oslo, Hamburg, London, Rotterdam and Zurich), plus offices in the Americas (New York City and Curaçao) and in Asia (Singapore and Tokyo). DVB Bank SE is listed at the Frankfurt Stock Exchange (ISIN: DE0008045501). Further information is available on our website at www.dvbbank.com

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