Landeskreditbank Baden-Württemberg - L-Bank

MANAGEMENT
Board of Management
Our business is managed by our board of management (Vorstand), which consists of at least three members:
the chairman, the vice chairman and at least one other member. Members of the board of management are fulltime
employees of L-Bank and are employed for terms not longer than five years. Their contracts may be
renewed for consecutive terms. The chairman and the vice chairman of our board of management are nominated
by our supervisory board and appointed on the basis of a resolution of the government of Baden-Württemberg.
The supervisory board appoints the remaining members of the board of management.
The chairman of the board of management serves as our chief executive officer. The members of our board
of management and the dates of their first appointments are:
Date of first
Name
appointment
Christian Brand, Chairman ......................................... 1998
Jürgen Hägele, Vice Chairman ...................................... 1998
Dr. Manfred Schmitz .............................................. 2000
Supervisory Board
Our supervisory board (Verwaltungsrat) establishes guidelines for the conduct of our business and
supervises the overall conduct of our affairs.
Pursuant to the L-Bank Act, our supervisory board consists of 15 members, of which eight are
representatives of the government of Baden-Württemberg and the remaining seven are non-governmental
members. The current Chairman of our supervisory board is the Baden-Württemberg Minister of Economic
Affairs and the Vice Chairmen are the Minister of Finance, the Minister of the Interior and the Minister for Food
and Rural Planning, respectively. Alternates are designated for each member. The members and alternates of the
supervisory board are appointed by the government of Baden-Württemberg for five-year terms of office and may
serve consecutive terms.
We are not subject to the Co-Determination Law (Mitbestimmungsgesetz), which requires that the
supervisory board of a company includes representatives of the employees. Our supervisory board does,
however, include representatives of our staff as consultative members.
The members of our supervisory board and their respective deputy members are:
Full members:
Ernst Pfister*, Chairman
Baden-Württemberg Minister of
Economic Affairs
Deputy members:
Dr. Horst Mehrländer*
State Secretary at the
Baden-Württemberg Ministry
of Economic Affairs
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Prof. Dr. Willi Weiblen*
Assistant Undersecretary and
Head of the Department of
Economic and Structural Policy
at the Baden-Württemberg
Ministry of Economic Affairs