Paul M. Achleitner (born 28 September 1956 in Linz) is an Austrian businessman who served as chairman of the supervisory board of Deutsche Bank from 2012 to 2022.
Education Achleitner studied Business Administration, Economics, Law and Social Sciences at the University of St. Gallen, where he also earned his doctorate. He was also a visiting fellowship at Harvard Business School from 1982 to 1984.
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. He left Allianz in 2012.
Deutsche Bank, 2012–2022 After his appointment to the chairman of the supervisory board of Deutsche Bank, he retained the support of the bank's biggest shareholder, Qatari Sheikh Hamad bin Jassim bin Jaber Al Thani,James Shotter (November 21, 2016), Deutsche Bank nominates Achleitner for second term as chairman Financial Times. and, in 2017, shareholders backed Achleitner's re-election to a second five-year term.Tom Sims (May 18, 2017), Deutsche Bank management gets shareholder backing of its agenda at AGM Reuters. From 2018 until 2020, he faced for three years in a row a vote to remove him from his post.Tom Sims, Patricia Uhlig and Hans Seidenstuecker (May 20, 2020), Deutsche Bank chairman to stand down in 2022 Reuters. 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).Hans Seidenstuecker (October 8, 2019), Deutsche Bank's chairman best paid among German blue chips in 2018 Reuters.
According to various surveys,Hans Seidenstücker (April 29, 2019), Deutsche Bank's Achleitner best-paid chairman of German companies -survey Reuters. Achleitner was the highest paid supervisory board head at Germany's 30 biggest listed companies that make up the benchmark DAX index between 2016Christoph Steitz (November 23, 2016), Top German supervisory board chairs earn 4.4 pct more in 2016-report Reuters. and 2018. In August 2019, he bought nearly 1 million euros of the bank's shares.Hans Seidenstuecker (September 2, 2019), Deutsche CEO to invest 15% of monthly net pay in bank's shares Reuters. In Munich, he shares an office with his wife Ann-Kristin Achleitner, Michael Diekmann, Joachim Faber and Peter Löscher.Henning Peitsmeier and Klaus Max Smolka (May 22, 2017), Die geheime Machtzentrale in München Frankfurter Allgemeine Zeitung.
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, and a member of the German federal commission for the German Corporate Governance Code.
Corporate boards Deutsche Bank, Chair of the Global Advisory Board (since 2022)Global Advisory Board to advise Deutsche Bank on key trends in business and politics Deutsche Bank, press release of 1 November 2022.Tom Sims (1 November 2022), Deutsche Bank creates new advisory body led by former chairman Reuters. Hakluyt & Company, Member of the International Advisory Board (since 2022)Paul Achleitner joins Hakluyt’s International Advisory Board Hakluyt & Company, press release of 28 July 2022. Bayer AG, Member of the Supervisory Board (2002–2026)Supervisory Board Bayer AG.Annette Becker (5 March 2026), Neue Kontrolleure: Paul Achleitner verlässt Aufsichtsrat von Bayer Börsen-Zeitung. Henkel AG & Sons, Member of the Shareholders' Committee (since 2001), Member of the Finance Subcommittee Daimler, Member of the Supervisory Board (2010-2020)Martin Murphy and Franz Hubik (February 15, 2020), Paul Achleitner verlässt Daimler-Aufsichtsrat Handelsblatt. RWE AG, Member of the Supervisory Board (2000-2013)
Non-profit organizations Alfred Herrhausen Gesellschaft of Deutsche Bank, Chairman of the Board of Trustees Bilderberg Group, Treasurer and Member of the Steering CommitteeSteering Committee Bilderberg Group. Bocconi University, Member of the International Advisory CouncilInternational Advisory Council Bocconi University. European Financial Services Roundtable (EFR), ChairmanPaul Achleitner European Financial Services Roundtable (EFR). Brookings Institution, Member of the Board of Trustees (since 2013)Brookings Announces New Trustees Brookings Institution, press release of July 19, 2013. Munich Security Conference, Member of the Advisory CouncilAdvisory Council Munich Security Conference.
Personal life Achleitner is married to Ann-Kristin Achleitner, a professor of business at the Technical University of Munich.
References
External links
Resume of Dr. Paul Achleitner