KfW Supervisory Board: - Bankkaufmann

Frankfurt am Main (ots) -

- Prof. Dr Joachim Nagel appointed to KfW Executive Board
- Contract of Executive Board Member Dr Ingrid Hengster extended

The Chairman of the KfW Board of Supervisory Directors and
Germany's Federal Minister of Finance, Dr Wolfgang Schäuble, and
Deputy Chairwoman and Federal Minister of Economic Affairs and
Energy, Brigitte Zypries, issued this statement following the meeting
of the KfW Board of Supervisory Directors on 29 June 2017:

The KfW Board of Supervisory Directors today appointed Prof Dr
Joachim Nagel (51) as a member of the Executive Board of KfW. Dr
Nagel has served as General Manager at KfW since 1 November 2016 and
had previously been a member of the Executive Board of Deutsche
Bundesbank since 2010. He will be responsible for International
Business on the KfW Executive Board with effect from 1 November 2017
and will provide valuable impetus for the promotional bank's work
based on his many years of experience in finance. His contract will
run until 31 October 2020.

Dr Nagel will succeed Dr Norbert Kloppenburg (61), who is going
into retirement on 31 October 2017. Dr Kloppenburg can look back on
28 years working with KfW. As a member of the Executive Board, he was
responsible for the broad spectrum of International Financing for
more than ten years. Dr Kloppenburg has significantly shaped the
promotion work of KfW Development Bank and KfW Group's two
subsidiaries, Deutsche Investitions- und Entwicklungsgesellschaft mb
(DEG) and KfW IPEX-Bank, as well as expanded their activities with
great success. We would like to thank Dr Kloppenburg for his many
years of work characterised by specialist expertise and great
personal commitment, and we wish him all the best personally for his
life after departing from our bank.

The KfW Board of Supervisory Directors has also appointed Dr
Ingrid Hengster (56) as a member of the Executive Board of KfW for
five more years. She has been a KfW Executive Board member since 1
April 2014 and is responsible for Domestic Promotion, where she
focuses mainly on strengthening SME finance and expanding promotion
for energy efficiency measures. In recent years, she has achieved
particular success in advancing the business area in terms of
digitalisation and realigning equity financing. The future-oriented
development of domestic promotional business will stay in the focus
of her work in the years ahead.

The KfW Supervisory Board also decided to take the necessary
measures in order to appoint Dr Günther Bräunig (61) as Deputy Chief
Executive Officer of KfW. Dr Bräunig represents Chief Executive
Officer Dr Ulrich Schröder who is absent due to illness.

Note: Portrait photographs and curricula vitae are available at
https://www.kfw.de/s/enkD8UC

Pressekontakt:
KfW, Palmengartenstr. 5 - 9, 60325 Frankfurt
Kommunikation (KOM) Dr. Michael Helbig
Tel. +49 (0)69 7431 2277, Fax: +49 (0)69 7431 3266,
E-Mail: Michael.Helbig@kfw.de, Internet: www.kfw.de

Original-Content von: KfW, übermittelt durch news aktuell