DAX 40 Management Board & Supervisory Board Moves

Management Board Moves

BMW AG

• BMW AG has announced that Dr. Joachim Post will succeed Frank Weber as Member of the Board of Management responsible for Development, effective June 1, 2025. Post’s current role as Board Member responsible for Purchasing and Supplier Network will be assumed by Dr. Nicolai Martin, current Head of Product Line Luxury Class BMW, Rolls-Royce, who will join the Management Board on the same date. Weber concludes his five-year tenure on the Board of Management, following the successful completion of series development for ‘Neue Klasse’.

Brenntag SE

• Following the announcement in October 2024 of Dr. Kristin Neumann's departure, Brenntag SE has confirmed the appointment of Thomas Reisten as Chief Financial Officer and member of the Board of Management, effective April 1, 2025. Reisten, who most recently served as Chief Financial Officer at Vantage Towers, was pivotal in the company’s carve-out from the Vodafone Group and its subsequent IPO. At Brenntag, he will assume responsibility for accounting, controlling, investor relations, legal, shared services, taxes, treasury, and insurance. His contract runs until March 31, 2028.

Commerzbank AG

• Effective February 1, 2025, Carsten Schmitt officially assumed the role as Chief Financial Officer at Commerzbank AG, succeeding Dr. Bettina Orlopp, who held the position since March 2020 and continued concurrently with her appointment as Chief Executive Officer on October 1, 2024. Schmitt joins Commerzbank from Danske Bank, where he was responsible for Group Strategy and M&A, he previously held various roles at Commerzbank over a span of more than 20 years, most recently as Divisional Board Member overseeing Group Finance from 2019 to 2021.

Deutsche Bank AG

• Deutsche Bank has announced James von Moltke will step down as Chief Financial Officer in June 2026, after eight years in the role. He will be succeeded by Raja Akram, who joins the Bank on October 1, 2025, and becomes a Management Board member on January 1, 2026. Akram currently serves as Deputy Chief Financial Officer at Morgan Stanley and will be relocating to Frankfurt. 

• Effective May 1, 2025, Fabrizio Campelli will assume regional responsibility for the Americas, succeeding Stefan Simon, who is departing the bank due to personal reasons. Campelli, a current member of the Management Board, presently oversees the Corporate Bank and Investment Bank divisions.

Deutsche Telekom AG

• Rodrigo Diehl has joined the Board of Management of Deutsche Telekom AG as Spokesman for the Board of Management of Telekom Deutschland GmbH, effective March 1, 2025. Diehl, formerly Chief Executive Officer of Deutsche Telekom’s Austrian subsidiary, succeeds Srinivasan (Srini) Gopalan, who has transitioned to the role of Chief Operating Officer at T-Mobile US.

Hannover Re SE

• Jean-Jacques Henchoz, Chief Executive Officer of Hannover Re SE, concluded his tenure on the Board of Management on March 31, 2025. Clemens Jungsthöfel, the current Chief Financial Officer, succeeds him as Chief Executive Officer, effective April 1, 2025.

• Jungsthöfel will be succeeded by Dr. Christian Hermelingmeier, Chief Financial Officer at HDI Global and Chair of the Board of Directors of HDI Reinsurance Ireland SE, effective April 1, 2025.

Mercedes-Benz Group AG

• Mathias Geisen, previously Head of Mercedes-Benz Vans, has been appointed to the Management Board of Mercedes-Benz Group AG, succeeding Britta Seeger as Board Member for Marketing & Sales, effective March 1, 2025.

• Britta Seeger succeeded Sabine Kohleisen as Board Member for Human Relations and Labour Director, effective March 1, 2025. Kohleisen has requested that the Supervisory Board of Mercedes-Benz Group AG not extend her contract, which expires at the end of November 2025.

• Effective February 1, 2025, Oliver Thöne, formerly Head of Product Strategy and Steering, has been appointed to the Management Board, succeeding Hubertus Troska as Board Member for Greater China. Troska, who plans to retire in 2025, has taken on a new role as Board Member and General Authorised Representative of Mercedes-Benz Group AG for China, effective February 1, 2025.

Merck KGAA

• Khadija Ben Hammada, Merck KGAA’s Chief Human Resources Officer, has joined the Executive Board in a newly created role as Chief People Officer, effective March 1, 2025.

• It has been announced that Jean-Charles Wirth and Danny Bar-Zohar will join the Executive Board of Merck KGAA, effective June 1, 2025. Wirth, currently heading Science & Lab Solutions within Merck’s Life Science business sector, will assume the role of Chief Executive Officer, Life Science, succeeding Dr. Matthias Heinzel, who has opted not to renew his contract. Bar-Zohar, currently Global Head of Research & Development and Chief Medical Officer of the Healthcare business sector, will become Chief Executive Officer, Healthcare, succeeding Peter Guenter, who has decided to retire after nearly 40 years in the pharmaceutical industry.

MTU Aero Engines AG

• Katja Garcia Vila has been appointed to the Executive Board of MTU Aero Engines AG as Chief Financial Officer Designate, effective April 1, 2025. She will succeed Peter Kameritsch, officially taking over the role on July 1, 2025, following a transition period. Garcia Vila previously served as Chief Financial Officer at Continental AG.

Porsche AG

• Effective February 26, 2025, Dr. Jochen Breckner, formerly Head of the General Secretariat and Corporate Development, and Matthias Becker, Head of the Overseas and Emerging Markets region, have been appointed to the Porsche AG Executive Board. Breckner succeeded Lutz Meschke as Board Member for Finance and IT, while Becker succeeded Detlev von Platen as Board Member for Sales and Marketing.

Rheinmetall AG

• Effective January 1, 2025, Klaus Neumann was appointed Chief Financial Officer and a member of the Executive Board of Rheinmetall AG, succeeding Dagmar Steinert. Neumann, who has been with the company for 12 years, previously served as Head of Accounting.

• René Gansauge, formerly Head of the Weapon and Ammunition Division, was also appointed to the Executive Board effective January 1, 2025, assuming the newly established role of Chief Operations Officer.

SAP SE

• Sebastian Steinhaeuser has been appointed to the SAP SE Executive Board as Chief Operating Officer, effective February 1, 2025. He will oversee the newly established Strategy & Operations division, continuing to drive SAP's strategy implementation and operational efficiency. Previously, Steinhaeuser held several roles at SAP SE, including Chief Strategy Officer, where he managed the company’s growth areas; Business Transformation Management, Business Network, and Sustainability.

Zalando SE

• Chief Financial Officer, Dr. Sandra Dembeck, stepped down from the Management Board of Zalando SE at the end of February 2025 to assume the role of Chief Financial Officer at Tengelmann Twenty-One. Co-Chief Executive Officer, David Schröder, has taken over her responsibilities and is serving as interim Chief Financial Officer until a successor is appointed.

_{This paper reflects movements across DAX40 Supervisory Boards and Management Boards that have occurred or been announced within Q1 2025.}

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Jens-Thomas Pietralla
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