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    CBK   DE000CBK1001

COMMERZBANK AG

(CBK)
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PRESS RELEASE : Commerzbank Supervisory Board ensures continuity and stability on Board of Managing Directors

06/16/2021 | 12:14pm EDT
DGAP-News: Commerzbank Aktiengesellschaft / Key word(s): Miscellaneous 
Commerzbank Supervisory Board ensures continuity and stability on Board of Managing Directors 
2021-06-16 / 18:12 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
- Bettina Orlopp appointed Deputy Chair of Board of Managing Directors and Board appointment extended ahead of terms 
- Board of Managing Directors appointment of Jörg Hessenmüller also extended 
- Sabine Schmittroth to focus perspectively on Human Resources department, reflecting importance of HR in ongoing 
restructuring; Private and Small-Business Customers segment to be reassigned 
At its meeting today, the Supervisory Board of Commerzbank made important decisions to further strengthen the Bank's 
Board of Managing Directors and ensure long-term continuity and stability on the Board for the profound transformation 
launched with "Strategy 2024". 
Bettina Orlopp will become Deputy Chairwoman of the Board with effect from 17 June 2021. In this context, the 
Supervisory Board extended her appointment to the Board of Managing Directors by five years until June 2026 ahead of 
terms. This underscores the significant importance of Commerzbank's consistent orientation toward the goal of regaining 
sustained profitability. The Board appointment of Chief Operating Officer Jörg Hessenmüller was also extended for a 
further five years until the end of 2026. His responsibilities include key enablers for the transformation, above all 
the ongoing process of digitalisation at Commerzbank. 
In addition, Sabine Schmittroth will focus perspectively on her role as Labour Director. The human resources challenges 
presented by the restructuring already underway at Commerzbank make the Human Resources department more important than 
ever. Sabine Schmittroth will pass on responsibility for the Private and Small-Business Customers segment, which she 
additionally assumed in autumn 2020. A process to fill this position on the Board of Managing Directors, which is 
important to the Bank's ongoing success, has been initiated. 
Helmut Gottschalk, Chairman of the Supervisory Board, said: "The top priority for all of us is the consistent 
implementation of our strategy and hence the success of the transformation we have launched at Commerzbank. Continuity, 
stability, and the unwavering focus of the Board's activities on the common goal are essential here. To ensure this, we 
are securing the commitment of top executives to Commerzbank for a longer term and are going to further strengthen the 
Board team who enjoys the full confidence of the Supervisory Board." 
Manfred Knof, Chief Executive Officer of Commerzbank, said: "Commerzbank's Board of Managing Directors is a very strong 
team, one that we are now making even more cohesive and effective. We are determined to work together in the years 
ahead to shape a Commerzbank that is customer-centric, digitalised, sustainable, and profitable. That is both our team 
commitment and my own personal commitment." 
Press contact 
Silvana Herold +49 69 136-46646 
Erik Nebel +49 69 136-44986 
***** 
About Commerzbank 
Commerzbank is the leading bank for the German Mittelstand and a strong partner for around 30,000 corporate client 
groups and around 11 million private and small-business customers in Germany. The Bank's two Business Segments - 
Private and Small-Business Customers and Corporate Clients - offer a comprehensive portfolio of financial services. 
Commerzbank transacts approximately 30 per cent of Germany's foreign trade and is present internationally in almost 40 
countries in the corporate clients' business. The Bank focusses on the German Mittelstand, large corporates, and 
institutional clients. As part of its international business, Commerzbank supports clients with German connectivity and 
companies operating in selected future-oriented industries. Following the integration of comdirect, private and 
small-business customers benefit from the services offered by one of Germany's most advanced direct banks combined with 
personal advisory support on site. Its Polish subsidiary mBank S.A. is an innovative digital bank that serves 
approximately 5.5 million private and corporate customers, predominantly in Poland, but also in the Czech Republic and 
Slovakia. In 2020, Commerzbank generated gross revenues of some EUR8.2 billion with almost 48,000 employees. 
Disclaimer and Forward-Looking Statement 
This release contains forward-looking statements. Forward-looking statements are statements that are not historical 
facts. In this release, these statements concern inter alia the expected future business of Commerzbank, efficiency 
gains and expected synergies, expected growth prospects and other opportunities for an increase in value of Commerzbank 
as well as expected future financial results, restructuring costs and other financial developments and information. 
These forward-looking statements are based on the management's current plans, expectations, estimates and projections. 
They are subject to a number of assumptions and involve known and unknown risks, uncertainties and other factors that 
may cause actual results and developments to differ materially from any future results and developments expressed or 
implied by such forward-looking statements. Such factors include the conditions in the financial markets in Germany, in 
Europe, in the USA and other regions from which Commerzbank derives a substantial portion of its revenues and in which 
Commerzbank holds a substantial portion of its assets, the development of asset prices and market volatility, 
especially due to the ongoing European debt crisis, potential defaults of borrowers or trading counterparties, the 
implementation of its strategic initiatives to improve its business model, the reliability of its risk management 
policies, procedures and methods, risks arising as a result of regulatory change and other risks. Forward-looking 
statements therefore speak only as of the date they are made. Commerzbank has no obligation to update or release any 
revisions to the forward-looking statements contained in this release to reflect events or circumstances after the date 
of this release. 
=---------------------------------------------------------------------------------------------------------------------- 
2021-06-16 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. 
Archive at www.dgap.de 
=---------------------------------------------------------------------------------------------------------------------- 
Language:     English 
Company:      Commerzbank Aktiengesellschaft 
              Kaiserstraße 16 
              60311 Frankfurt am Main 
              Germany 
Phone:        +49 (069) 136 20 
Fax:          - 
E-mail:       pressestelle@commerzbank.com 
Internet:     www.commerzbank.de 
ISIN:         DE000CBK1001 
WKN:          CBK100 
Indices:      MDAX, CDAX, HDAX, PRIMEALL 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1208880 
 
End of News   DGAP News Service 
=------------ 

1208880 2021-06-16

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1208880&application_name=news 
 

(END) Dow Jones Newswires

June 16, 2021 12:13 ET (16:13 GMT)

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Financials
Sales 2021 8 279 M 9 799 M 9 799 M
Net income 2021 -512 M -606 M -606 M
Net Debt 2021 - - -
P/E ratio 2021 -12,5x
Yield 2021 -
Capitalization 6 420 M 7 598 M 7 599 M
Capi. / Sales 2021 0,78x
Capi. / Sales 2022 0,78x
Nbr of Employees 38 671
Free-Float 84,4%
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Mean consensus HOLD
Number of Analysts 22
Last Close Price 5,13 €
Average target price 6,16 €
Spread / Average Target 20,2%
EPS Revisions
Managers and Directors
Manfred Knof Chief Executive Officer
Bettina Orlopp Deputy Chairman-Supervisory Board & CFO
Helmut Gottschalk Chairman-Supervisory Board
Dennis Bartel Head-Human Resources & Technology
Bernd Reh Head-Research & Press Contact
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