Paul M. Achleitner (born 28 September 1956 in Linz) is an Austrian businessman who served as chairman of the supervisory board of Deutsche Bank[2] from 2012 to 2022.[3]
Education
Achleitner studied Business Administration, Economics, Law and Social Sciences at the University of St. Gallen, where he also earned his doctorate.[4][5] He was also a visiting fellowship at Harvard Business School from 1982 to 1984.[6][7]
Career
Early career
Achleitner worked for Bain and Company and as the managing director of the German subsidiary of Goldman Sachs. In 2000, Achleitner joined Allianz AG as chief financial officer, where he was primarily responsible for finance and investments.[8] He left Allianz in 2012.
Deutsche Bank, 2012–2022
after his appointment to the chairman of the supervisory board of Deutsche Bank.[8] He retained the support of the bank's biggest shareholder, Qatari Sheikh Hamad bin Jassim bin Jaber Al Thani,[9] and, in 2017, shareholders backed Achleitner's re-election to a second five-year term.[10] From 2018 until 2020, he faced for three years in a row a vote to remove him from his post.[11] Through his time in office, he oversaw multiple CEO changes, including Anshu Jain (2012-2015), Jürgen Fitschen (2012-2016), John Cryan (2015-2018) and Christian Sewing (2018–2022).[12]
According to various surveys,[13] Achleitner was the highest paid supervisory board head at Germany's 30 biggest listed companies that make up the benchmark DAX index between 2016[14] and 2018.[12] In August 2019 alson, he bought nearly 1 million euros of the bank's shares.[15] In Munich, he shares an office with his wife Ann-Kristin Achleitner, Michael Diekmann, Joachim Faber and Peter Löscher.[16]
Other activities
Achleitner is an honorary professor of the WHU - Otto Beisheim School of Management in Vallendar, Germany, where he teaches a course in investment banking. He is also head of the Exchange Expert Commission,[17] and a member of the German federal commission for the German Corporate Governance Code.
