This article is from the source 'guardian' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.theguardian.com/business/2013/sep/11/josef-ackermann-zurich-insurance-siemens

The article has changed 2 times. There is an RSS feed of changes available.

Version 0 Version 1
Ex-Zurich Insurance chairman Josef Ackermann quits Siemens Ex-Zurich Insurance chairman Josef Ackermann quits Siemens
(6 days later)
Josef Ackermann is expected to step down from his boardroom post at Siemens, two weeks after his resignation as chairman of Zurich Insurance, according to a report by Reuters.Josef Ackermann is expected to step down from his boardroom post at Siemens, two weeks after his resignation as chairman of Zurich Insurance, according to a report by Reuters.
The former Deutsche Bank chief executive quit Zurich Insurance last month following the death of the chief financial officer, Pierre Wauthier, who had left a suicide note referring to his working relationship with Ackermann.The former Deutsche Bank chief executive quit Zurich Insurance last month following the death of the chief financial officer, Pierre Wauthier, who had left a suicide note referring to his working relationship with Ackermann.
It marks a dramatic turn in the once stellar career of the 65-year-old who until last year who was one of Europe's most powerful bankers. When Ackermann left Zurich Insurance he cited pressure from Wauthier's family to "take my share of responsibility" for their loss. He also said he wanted to "avoid any damage to Zurich's reputation".It marks a dramatic turn in the once stellar career of the 65-year-old who until last year who was one of Europe's most powerful bankers. When Ackermann left Zurich Insurance he cited pressure from Wauthier's family to "take my share of responsibility" for their loss. He also said he wanted to "avoid any damage to Zurich's reputation".
Both Siemens and Ackermann's spokesman declined to comment on a report that he will step down from his position as second deputy chairman at the German industrial group.Both Siemens and Ackermann's spokesman declined to comment on a report that he will step down from his position as second deputy chairman at the German industrial group.
In June Ackermann clashed with fellow Siemens directors during a tussle over whether to oust the chief executive, Peter Loescher. When supervisory board chairman Gerhard Cromme pushed for Loescher to be removed immediately, Ackermann was among the few executives on the board to dissent, saying: "Gerhard, you can't do it this way."In June Ackermann clashed with fellow Siemens directors during a tussle over whether to oust the chief executive, Peter Loescher. When supervisory board chairman Gerhard Cromme pushed for Loescher to be removed immediately, Ackermann was among the few executives on the board to dissent, saying: "Gerhard, you can't do it this way."
Ackermann is also a member of the nomination and succession committee at Royal Dutch Shell where he is a non-executive director, and a director at Investor AB, an investment company founded by Sweden's Wallenberg family.Ackermann is also a member of the nomination and succession committee at Royal Dutch Shell where he is a non-executive director, and a director at Investor AB, an investment company founded by Sweden's Wallenberg family.
Siemens employs 13,000 people in the UK and recently secured a £1.4bn order to build more than 1,000 train carriages for the London Thameslink rail route.Siemens employs 13,000 people in the UK and recently secured a £1.4bn order to build more than 1,000 train carriages for the London Thameslink rail route.
Our editors' picks for the day's top news and commentary delivered to your inbox each morning.