Karl von Rohr to step down as DWS Chairman in October
Karl von Rohr has informed DWS about his intention to step down as Chairman as of 31 October 2023 when his current contract as Management Board Member of Deutsche Bank expires. At the same time, Deutsche Bank has asked Karl von Rohr to stand for re-election to the DWS Supervisory Board at this year’s AGM on 15 June and to remain a Member of the Supervisory Board for the full remainder of the regular term.
Karl von Rohr said: “It has been an honour to help establish DWS as a listed Asset Manager over the past five years and to oversee its successful development and growth strategy. I am looking forward to continuing to support DWS on the Supervisory Board to achieve its financial and strategic targets in the coming years, albeit in a different role after a successor as Chairman has been found.”
Stefan Hoops, CEO of DWS said: “We regretfully respect Karl’s decision and his intention to step down as Chairman of the Supervisory Board at the end of October. He has guided and supported our Company on its way to become a leading independently listed Asset Manager. For this we thank him from the bottom of our hearts.”
DWS’s Supervisory Board will initiate a thorough search process for a new Chairman over the next months.
Karl von Rohr has been Chairman of the DWS Supervisory Board since 2018. His first five-year term will expire at this year’s AGM on 15 June 2023.