Wulf von Schimmelmann

Wulf Freiherr von Schimmelmann (born February 19, 1947, in Steinhöring) is a German manager. He was chairman of the Postbank's executive board from February 1999 to June 2007, and was chairman of the supervisory board of Deutsche Post AG between January 1, 2009, and April 2018.

Wulf von Schimmelmann
EducationUniversity of Hamburg
University of Zürich
OccupationBusinessman

Early life and education

Von Schimmelmann graduated from the Schule Schloss Salem and studied economics in Hamburg and Zurich. He received a bachelor's degree in business administration from the University of Hamburg, followed by a bachelor's degree in economics from the University of Zürich.[1][2] He received a doctorate in business administration and economics from the University of Zurich.[1][2] He earned his doctorate summa cum laude to which his dissertation dealt with the savings behavior of private persons.[3]

Career

Von Schimmelmann first worked for the management consultancy McKinsey & Company. He started in 1972, with positions in Cleveland, Ohio, Kuwait, and Düsseldorf and stayed with the company, eventually as a Partner, until 1978.[1] From 1978 to 1984, he worked for Landesgirokasse-Bank in Stuttgart, Germany,[1] where he served as a board member.

From 1984 to 1991, Von Schimmelmann served on the management board of DG Bank in Frankfurt.[1] He served on the board of managing directors of BHF Bank from 1991 to 1999.[1][4]

Von Schimmelmann served as the chief executive officer of Deutsche Postbank, a German retail bank, from 1999 to 2007,[1][2] after Klaus Zumwinkel, with whom he had been acquainted since working for McKinsey, had promoted him to CEO and a part of the management board of Deutsche Post AG. He oversaw the bank's expansion to become Germany's leading retail bank with nearly 15 million customers and the group's stock market listing in 2004.[5] Under his leadership, Postbank joined the DAX in 2006.[6]

In 2007, Von Schimmelmann unexpectedly resigned from the post of CEO of Postbank for "personal reasons"; his contract originally ran until 2008.[6] Until December 2009, he was also a member of the supervisory board at Deutsche Telekom, and in January 2009, he became chairman of the supervisory board of Deutsche Post AG.[7] He served as chairman until April 2018 and was succeeded by Nikolaus von Bomhard.[8]

Other activities

Corporate boards

Non-profit organizations
  • Allensbach Institute, Member of the Board of Trustees[17]
  • Deutsche Schutzvereinigung für Wertpapierbesitz (DSW), Member of the Board of Trustees[18]
  • Max Planck Foundation, Member of the Supervisory Board[19]

Von Schimmelmann is also honorary Professor at the Faculty of Economics of the University of Konztanz, which awarded him an honorary doctorate in 2006. He also serves on the Germany government's corporate governance commission.[20]

Von Schimmelmann is the founder of Stiftung Startchance, a foundation for disadvantaged children.[21]

Personal life

Von Schimmelmann stems from the Holstein-Danish noble family Schimmelmann.[22] He has been married to Benita Freiin von Gersdorff since March 1996 and lives in Berg (Starnberger See).[23]

References
  1. "About Accenture". www.accenture.com. Retrieved 2018-08-29.
  2. "Terms of Service Violation". www.bloomberg.com. Retrieved 2018-08-29.
  3. Ravensburg, Munzinger-Archiv GmbH. "Wulf Freiherr von Schimmelmann - Munzinger Biographie". www.munzinger.de (in German). Retrieved 2018-08-23.
  4. "Prof. Dr. Wulf von SCHIMMELMANN - Lebenslauf und Information zu seinen Vortrag". www.management-kolloquium.de (in German). Retrieved 2018-08-29.
  5. Ivar Simensen (March 12, 2007), Postbank appoints Klein as chief executive Financial Times.
  6. "Wulf von Schimmelmann: Mit ruhiger Hand - manager magazin". manager magazin. Retrieved 2018-08-29.
  7. "Deutsche Post: Nikolaus von Bomhard soll Aufsichtsrat leiten". manager magazin. Retrieved 2018-08-29.
  8. ONLINE, RP (24 April 2018). "Aufsichtsrat bei der Post: Ex-Munich-Re-Chef Nikolaus Bomhard ist neuer Vorsitzender". rp-online.de (in German). Retrieved 2018-08-31.
  9. Wulf von Schimmelmann LetterOne.
  10. Wulf von Schimmelmann Joins Thomson Reuters Board Thomson Reuters, press release of July 25, 2011.
  11. Altadis nombra consejero al presidente de Deutsche Postbank El País, May 29, 2004.
  12. Accenture Names Six Outside Directors to Its Board Accenture, press release of October 25, 2001.
  13. Wulf von Schimmelmann Appointed to Western Union Board of Directors Western Union, July 23, 2009.
  14. 2013 Annual Report Western Union.
  15. Schimmelmann neuer Aufsichtsrats-Chef Der Standard, September 4, 2007.
  16. Bawag: Neuer Aufsichtsratschef Die Presse, October 16, 2009.
  17. Board of Trustees Allensbach Institute.
  18. Board of Trustees Deutsche Schutzvereinigung für Wertpapierbesitz (DSW).
  19. Supervisory Board Max Planck Foundation.
  20. Olaf Storbeck (November 6, 2018), Executive Pay: German companies face crackdown on excessive pay Financial Times.
  21. Germany, Abendzeitung. "Gründer Wulf von Schimmelmann: Starnberg: Stiftung Startchance hilft sozial schwachen Kindern - Abendzeitung München" (in German). Retrieved 2018-08-31.
  22. "Ein unaufgeregter Banker". stern.de (in German). 2006-09-07. Retrieved 2018-08-29.
  23. Dohmen, Caspar (2010). "Mehr Zeit für die Bahamas". sueddeutsche.de (in German). ISSN 0174-4917. Retrieved 2018-08-29.
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