Ex-Bundesbank Chief Weidmann Proposed as Next Commerzbank Chair

Commerzbank AG proposed former Bundesbank President Jens Weidmann as its next supervisory board chairman, a move that would place one of the country’s foremost economists at the top one of its largest banks.

Helmut Gottschalk has decided against another term as chairman, when his current one expires at the company’s annual general meeting in May 2023, the German lender said Saturday in a statement. Weidmann’s candidacy will be put to a vote at the bank’s AGM.