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Changes to DZ HYP’s Management Board
14.12.2018, Frank M. Mühlbauer will retire from the Management Board
- Frank M. Mühlbauer will retire from the Management Board of DZ HYP on 31 December 2018, and will take up an appointment as Chairman of the Management Board of TeamBank, effective 1 April 2019
- DZ HYP's Management Board to comprise three members from 1 January 2019
Frank M. Mühlbauer (55) will retire from the Management Board of DZ HYP on 31 December 2018, and will succeed Alexander Boydreff (51) as Chairman of the Management Board of TeamBank, effective 1 April 2019.
Mr Mühlbauer joined the Management Board of former WL BANK on 1 January 2009, and was appointed Chairman in 2012. During his tenure, he turned the Muenster-based Pfandbrief issuer into a customer-focused bank, integrated in the Cooperative Financial Network, focused on real estate and local authority lending. WL BANK and DG HYP merged in 2018, to form DZ HYP. As co-Chairman of DZ HYP’s Management Board, Mr Mühlbauer made a significant contribution to the strategic positioning of the Bank, and was instrumental in the successful execution of the merger.
Uwe Fröhlich, Chairman of DZ HYP's Supervisory Board and General Executive Manager of DZ BANK, thanked Mr Mühlbauer for his commitment: "In Frank M. Mühlbauer, DZ HYP bids farewell to an experienced and forward-looking executive who has made a decisive contribution to various enterprises within the German Cooperative Financial Network. The Supervisory Board of DZ HYP would like to thank him for his contributions to the Company, and pays tribute to his outstanding achievements."
Thomas Ulrich, Chairman of the Supervisory Board of TeamBank and member of the Board of Managing Directors of DZ BANK, emphasised: "We are delighted that with Frank M. Mühlbauer, we were able to attract a successful manager who will continue to contribute his long-standing expertise within DZ BANK Group as Chairman of Teambank’s Management Board. The Supervisory Board of TeamBank is convinced that this decision paves the way for the Company’s continued successful performance over the next years."
With effect from 1 January 2019, the Management Board of DZ HYP will consist of Dr Georg Reutter (Chairman), Manfred Salber and Dr Carsten Düerkop. Uwe Fröhlich emphasised that DZ HYP will maintain its strategic orientation on the four divisions of Commercial Real Estate Investors, Housing Sector, Public-Sector Clients, and Retail Customers/Private Investors, maintaining dual head offices in Hamburg and Muenster.
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