DGAP-News: Baader Bank AG / Key word(s): Strategic Company Decision
Baader Bank AG's supervisory board resolves on Executive Board changes
to pass responsibility to the next generation: Nico Baader appointed
as new Chairman of the Executive Board and Board expanded to four
members
11.05.2015 / 18:04
---------------------------------------------------------------------
Nico Baader (45) will take over the role of Chairman of the Executive Board
at the family-run bank with effect from 1 July 2015. Uto Baader (71),
founder and current Chairman, will step down with effect from 30 June 2015
after 32 years at the head of the organisation, concluding a process of
generational change at the top of the bank which was initiated in 2009. In
addition to his duties as Chairman of the Executive Board, Nico Baader will
continue to be responsible for Market Making. Chief Financial Officer
Dieter Brichmann (58), whose contract had been extended early, has been
appointed as Deputy Chairman of the Executive Board with effect from 1 July
2015.
Underlining the growing importance of the business lines catering to
institutional and corporate clients, the Supervisory Board has appointed
Christian Bacherl (42) and Oliver Riedel (41) - previously divisional heads
- as further Members of the company's Executive Board with effect from 1
July 2015, thereby expanding the Board's membership to four members. Oliver
Riedel has worked for Baader Bank since August 2010 and is currently CEO of
the Helvea Group, a wholly-owned subsidiary of Baader Bank. Christian
Bacherl has been with the bank since January 2011 and, in conjunction with
Oliver Riedel, is responsible for the firm's Corporates & Markets division,
with a focus on Capital Markets. Both previously held leading roles in
HypoVereinsbank, the German subsidiary of UniCredit.
The bank will continue to benefit from Uto Baader's many years of expertise
on a consulting basis.
Dr Horst Schiessl, Chairman of the Supervisory Board, expresses his
particular gratitude to Uto Baader for his outstanding achievements over
the last 32 years in the name of the whole Supervisory Board: "Uto Baader
turned an independent specialist firm on the Bavarian Stock Exchange, with
initially two employees, into an international banking institution that now
employs approximately 470 people and is present in ten locations around the
world. We are pleased to have accompanied the successful transition of
generations and wish Uto Baader's son, Nico Baader, and the entire
Executive Board every success at the helm of the bank."
---------------------------------------------------------------------
11.05.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: Baader Bank AG
Weihenstephaner Str. 4
85716 UnterschleiÃheim
Germany
Phone: +49 89 5150 1881
Fax: +49 89 5150 29 1880
E-mail: communications@baaderbank.de
Internet: www.baaderbank.de
ISIN: DE0005088108
WKN: 508810
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Munich (m:access), Stuttgart; Open
Market in Frankfurt
End of News DGAP News-Service
---------------------------------------------------------------------
355965 11.05.2015
DGAP-News: Baader Bank AG's supervisory board resolves on Executive Board changes to pass responsibility to the next generation: Nico Baader appointed as new Chairman of the Executive Board and Board expanded to four members
| Source: EQS Group AG