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VIPsight

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

 

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Bayerische Motoren Werke have extended Norbert Reithofer’s contract early by a further five years, until the end of August 2016. The 54-year-old has been a board member of the carmaker since 16 March 2000, and CEO since September 2006. The Munich firm announced this following a Supervisory Board meeting chaired by Joachim Milberg.

 

Kenneth D. Reid, who has worked for Bilfinger Berger since 1990 and is currently responsible on the board for Power Services and Concessions, has left “by mutual agreement”. Joachim Enenkel, current management chair of Bilfinger Berger Ingenieurbau, is succeeding the 54-year old Scot. Herbert Bodner, whose contract expires in mid-2011, was appointed CEO.

 

As new board member at Celesio, on 1 October Michael Lonsert took on overall responsibility for the Manufacturer Solutions business sector and for the Medco Celesio Joint Venture, announced the pharmaceuticals wholesaler on 9 September. The executive had already worked for the pharmacy operator and been responsible there since 2008 for building up and expanding the sectors he has now taken over.

 

Jörg Spiekerkötter is leaving Conergy at the end of October at his own request, on expiry of his contract. Sebastian Biedenkopf is becoming the solar firm’s new CFO. Currently in-house lawyer, he moved immediately onto the board to work himself into his new tasks. Only in mid-August Andreas von Zitzewitz, who had been supposed to become CEO, surprisingly left the company.

 

The designated successor to departing CEO Wolfgang Mayrhuber at Deutsche Lufthansa at the turn of the year will be current deputy CEO Christoph Franz. The Supervisory Board so decided on 22 September. The tasks of the current head of the important board sector Lufthansa Passage have been taken on by the present head of freight Carsten Spohr.

 

Fraport announced changes on the company’s Supervisory Board on 9 September. Stefan H. Lauer and Klaus-Dieter Scheurle are being newly appointed to it. They will thus be taking up the Supervisory Board seats that became free in the middle of the year. Lufthansa board member Lauer will be succeeding Lufthansa CEO Wolfgang Mayrhuber on the airport operator’s Supervisory Board. Scheurle, a civil servant as state secretary in the Federal Ministry for Transport, Construction and Urban Development, succeeds airline Air Berlin’s board appointee for politics and transport rights, Matthias von Randow.

 

Freenet has found its new CFO from within the firm. Joachim Preisig replaces Axel Krieger, taking office on 1 October, announced the mobile telephony provider on 27 August. As already expected, Preisig will accordingly move from his current post as chief operations and integration officer (COO). His current duties and tasks will be divided among other board members, and there will be no new COO.

 

Peter Wenzel has been appointed shareholder member on the Supervisory Board of Hamburger Hafen und Logistik by Hamburg District Court. On the Supervisory Board the recently appointed state councillor on the Hamburg authority for business and labour takes the place of Carsten Frigge, who on 31 March was elected Hamburg financial senator and in August resigned his post as Supervisory Board member.

 

Bruno Piacenza (44) is to take over from Friedrich Stara on the Henkel board in early March 2011, taking the laundry and home-care spot. The 61-year-old Austrian turns 62 then and will be departing in accordance with internal rules. By birth French, Piacenza has worked for 20 years with the DAX company in the cosmetics business.

 

After 25 years of operational activity, Carsten Pedersen has moved to the Nordex Supervisory Board. He takes the place of Kai Brandes, stated the group in a press release on 7 September. Lars Bondo Krogsgaard (44) succeeded the founder and long-term sales chief, becoming new sales chief at the wind-plant maker on 1 October.

 

The new head of finance at Praktiker Bau- und Heimwerkermärkte Holding is Markus Schürholz, “with immediate effect“. The previous CFO Thomas Ghabel left the board because of differences of opinion, stated the DIY chain on 15 September. Personnel officer Karl-Heinz Stroh has also left the company, in the best of agreement with the Supervisory Board according to statements.

 

RWE is reducing its board to five members. Ulrich Jobs, hitherto in charge of international business, left the management team on 30 September. His duties are being taken over by strategy director Leonhard Birnbaum and Germany head Rolf Martin Schmitz. As the energy group stated on 23 September, the separation was “by mutual agreement”.

 

Edwin Eichler has been court-appointed to the Supervisory Board of SGL Carbon. The Thyssen-Krupp board member is replacing Claus Hendricks, a member of the group’s Supervisory Board for fourteen years, who died in April following a brief but severe illness. Eichler is to be elected to the Supervisory Board on 3 May 2011 by the AGM, for five years.

 

Martin Winterkorn is to head Volkswagen for longer than was so far known. Since he took the helm, Volkswagen has been building more cars every year, stated Supervisory Board member Bernd Osterloh. “We on the Supervisory Board will extend our CEO Dr. Winterkorn’s contract by further years,” said the chair of the overall and group Works Council, stating the line of the employee side.