Frankfurt (dpa) – Germany’s former vice chancellor Sigmar Gabriel has been nominated to become a member of Deutsche Bank’s supervisory board, the bank said on Friday.
Gabriel, the former head of the centre-left Social Democratic Party (SPD), is considered a political heavyweight in Germany, having held positions in Chancellor Angela Merkel’s government as foreign and economy minister.
The nomination will be put to a vote at a shareholder meeting on Monday 20, the bank said.
“We are delighted to have Sigmar Gabriel a committed European and transatlanticist on the Deutsche Bank Supervisory Board,” said supervisory board chief Paul Achleitner.
Gabriel would join Deutsche Bank amid a major restructuring, with chief executive Christian Sewing announcing last year that the lender wanted to reduce the number of full-time jobs by about 18,000 to 74,000 worldwide by the end of 2022.