Paul Achleitner
Paul M. Achleitner | |
|---|---|
| Born | September 28, 1956 Linz, Austria |
| Occupation | Business executive |
| Years active | 1980s–present |
| Known for | Chairman of the supervisory board of Deutsche Bank (2012–2022) |
Paul M. Achleitner (born 28 September 1956 in Linz) is an Austrian executive who held the position of chairman on the supervisory board of Deutsche Bank from 2012 until 2022.
Education
Achleitner pursued studies in Business Administration, Economics, Law, and Social Sciences at the University of St. Gallen, where he completed his doctoral degree. Between 1982 and 1984, he was also a visiting fellow at Harvard Business School.
Early career
His professional journey includes roles at Bain and Company and serving as managing director for the German branch of Goldman Sachs. In 2000, he assumed the role of chief financial officer at Allianz AG, responsible for finance and investment activities, a position he held until 2012.
Deutsche Bank, 2012–2022
In 2012, Achleitner was named chairman of Deutsche Bank’s supervisory board, securing backing from the institution’s largest shareholder, Qatari Sheikh Hamad bin Jassim bin Jaber Al Thani. He was reappointed by shareholders for a second five-year term in 2017. Despite facing annual shareholder votes aimed at his removal from 2018 to 2020, he maintained his role throughout this period. His leadership coincided with several CEO changes: Anshu Jain (2012–2015), Jürgen Fitschen (2012–2016), John Cryan (2015–2018), and Christian Sewing (2018–2022).
Between 2016 and 2018, surveys ranked Achleitner as the highest-compensated chairman among supervisory boards in Germany’s top 30 publicly traded companies on the DAX index. In August 2019, he acquired nearly €1 million worth of Deutsche Bank shares. Residing in Munich, he shares office space with his wife Ann-Kristin Achleitner alongside prominent business figures such as Michael Diekmann, Joachim Faber, and Peter Löscher.
Other activities
Achleitner holds an honorary professorship at the WHU - Otto Beisheim School of Management in Vallendar, Germany, where he lectures on investment banking. Additionally, he chairs the Exchange Expert Commission and participates on the federal commission responsible for the German Corporate Governance Code.
Corporate boards
- Deutsche Bank, Chair of the Global Advisory Board (since 2022)
- Hakluyt & Company, Member of the International Advisory Board (since 2022)
- Bayer AG, Supervisory Board Member (since 2002)
- Henkel AG & Sons, Member of both the Shareholders' Committee and Finance Subcommittee (since 2001)
- Daimler, Supervisory Board Member (2010–2020)
- RWE AG, Supervisory Board Member (2000–2013)
Non-profit organizations
- Chairman of the Board of Trustees at Alfred Herrhausen Gesellschaft of Deutsche Bank
- Treasurer and Steering Committee Member of the Bilderberg Group
- Member of the International Advisory Council at Bocconi University
- Chairman of the European Financial Services Roundtable (EFR)
- Trustee at the Brookings Institution (since 2013)
- Advisory Council Member for the Munich Security Conference
Personal life
Achleitner is married to Ann-Kristin Achleitner, who is a professor specializing in business at Technische Universität München.
External links
- Pages with script errors
- Articles with short description
- Articles with hCards
- No local image but image on Wikidata
- Living people
- 1956 births
- German bankers
- Harvard Business School alumni
- University of St. Gallen alumni
- Members of the Steering Committee of the Bilderberg Group
- Austrian emigrants to Germany
- People from Linz
- Deutsche Bank people
- Allianz people
- Goldman Sachs people