PAUL ACHLEITNER

Achleitner studied Business Administration, Economics, Law and Social Sciences at

the University of St. Gallen, where he also earned his doctorate. He was also a visiting
fellowship at Harvard Business School from 1982 to 1984.

Achleitner worked for Bain and Company and as the managing director of the German
subsidiary of Goldman Sachs. In 2000, Achleitner joined Allianz AG as chief financial
officer, where he was primarily responsible for finance and investments. He left Allianz
in 2012 after his appointment to the chairman of the supervisory board of Deutsche
Bank. He retained the support of the bank's biggest shareholder, Qatari Sheikh Hamad
bin Jassim bin Jaber Al Thani, and, in 2017, shareholders backed Achleitner's re-
election to a second five-year term. From 2018 until 2020, he faced for three years in a
row a vote to remove him from his post. Through his time in office, he oversaw
multiple CEO changes, including Anshu Jain (2012-2015), Jürgen Fitschen (2012-
2016), John Cryan (2015-2018) and Christian Sewing (since 2018).

According to various surveys, Achleitner was the highest paid supervisory board head
at Germany's 30 biggest listed companies that make up the benchmark DAX index
between 2016 and 2018. In August 2019 alson, he bought nearly 1 million euros of the
bank's shares. In Munich, he shares an office with his wife Ann-Kristin
Achleitner, Michael Diekmann, Joachim Faber and Peter Löscher.

Achleitner is an honorary professor of the WHU - Otto Beisheim School of

Management in Vallendar, Germany, where he teaches a course in investment
banking. He is also head of the Exchange Expert Commission, and a member of the
German federal commission for the German Corporate Governance Code.

Corporate Boards:

 Bayer AG, Member of the Supervisory Board (since 2002)

 Henkel AG & Sons, Member of the Shareholders' Committee (since
2001), Member of the Finance Subcommittee[
 Daimler, Member of the Supervisory Board (2010-2020)
 RWE AG, Member of the Supervisory Board (2000-2013)
Non-profit organizations
 Alfred Herrhausen Gesellschaft of Deutsche Bank, Chairman of the
Board of Trustees
 Bilderberg Group, Treasurer and Member of the Steering Committee
 Bocconi University, Member of the International Advisory Council
 European Financial Services Roundtable (EFR), Chairman
 Brookings Institution, Member of the Board of Trustees (since 2013)
 Munich Security Conference, Member of the Advisory Council