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Corporate Governance – portrayed in the individual cultural and legal framework, from the standpoint of equity capital.

VIPsight is a dynamic photo archive, sorted by nations and dates, by and for those interested in CG from all over the world.

VIPsight offers, every month:
transparent and independent current information / comments / facts and figures on corporate governance locally and internationally,

  • written by local CG experts,
  • selected and structured by the Club of Florence,
  • financed by its initiator VIP and other sponsors with a background of “Equity and Advisory” interests.

VIPsight International

Article Index




Christian Müller was elected a new board member of Carl Zeiss Meditec on 15 December, taking the finance spot. Müller is also in charge of SBU Chirurgische Ophthalmologie. His predecessor Bernd Hirsch had left the medicine technology company in November after seven years, moving to Symris.

Deutsche Telekom director Hamid Akhavan, who as Chief Operating Officer was in charge of the European mobile telephony network and also of technology in the group, is leaving the telecommunications company and taking the CEO position at Siemens Entreprise Communications. The 48-year-old will move to the network specialists at the end of February 2010 as Chief Executive Officer, stated Siemens on 7 December.

Fresenius Medical Care has extended the contract of long-term CEO Ben Lipps to the end of 2012 and set the process for his succession going. Rice Powell was appointed deputy CEO of the dialysis group with effect from 1 January 2010. The American, who has been twelve years in the firm, and a director since 2004, is to take over from Lipps in early 2013. Board member Mats Wahlstrom left the board on 31 December. The vacant finance post was taken at the start of the year by Michael Brosnan (54), also from the firm. The American succeeds Larry Rosen, who went to Deutsche Post as CFO. Kent Wanzek took up the newly created position of production director on 1 January 2010.

At MAN Karlheinz Hornung resigned with effect from 11 December. The CFO insists on the point that his resignation was not in connection with the corruption case. Utility vehicles head Anton Weinmann also resigned from the board with immediate effect, at his own request. The new CFO of the group is Frank Lutz, who like Klaus Stahlmann was appointed deputy director. That means that only internal candidates were promoted. The current provisional CEO Georg Pachta-Reyhofen was on 11 December additionally appointed by the MAN supervisory board as new board spokesman of the company, with effect from 1 January 2010.

Sky Deutschland has announced that CEO Mark Williams is resigning from the leadership post in the firm for personal reasons after only 14 months, and is leaving the board. Brian Sullivan was appointed deputy CEO with effect from 1 January 2010. The 47-year-old comes from British Sky Broadcasting, and will replace Williams on 1 April 2010.

TUI CFO Rainer Feuerhake will resign his post at the end of the next TUI AGM on 17 February 2010 on reaching the age limit. His post will be taken over by Controlling director Horst Baier. Jürgen Krumnow will be resigning from the supervisory board on 14 December. The supervisory board unanimously proposed Klaus Mangold as new supervisory board member.

Wirecard announced on 10 December that Stefan Klestil is to become the new member of the supervisory board. The 42-year-old was first employed at First Data, a service provider for cashless and card-based payments, and succeeds Paul Bauer-Schlichtegroll, a supervisory board member since August 2005, who resigned on 31 October for time reasons.