BayernLB

20-Mar-2019

BayernLB appoints Stephan Winkelmeier as new CEO

Munich - In its meeting today, BayernLB’s Supervisory Board appointed Stephan Winkelmeier as the Bank’s new CEO. The 51-year old, who is currently still head of FMS Wertmanagement, will take up his new role on 1 August 2019 at the latest. Until then, BayernLB will continue to be led on an interim basis by Dr Edgar Zoller, who will return to his function as deputy CEO once Stephan Winkelmeier takes over.

Winkelmeier, who hails from Regensburg, is currently Chief Executive Officer and spokesman for FMS Wertmanagement. He joined the management team of the Federal government’s institution tasked with winding up the nationalised Hypo Real Estate in 2015. Since 2017, he has also been a member of the Supervisory Board of BayernLB, where he previously served on the Board of Management from 2010 to 2014 and was responsible for the Finance and Operations Divisions. After completing a banking apprenticeship and a degree in business administration, he held positions at HypoVereinsbank and Bank Austria, where he had the role of Chief Risk Officer on the Management Board.

Dr Wolf Schumacher, Chairman of BayernLB’s Supervisory Board, commented on the appointment of the new CEO: “I am delighted we were able to bring such an experienced manager and strong leader as Stephan Winkelmeier back on board at BayernLB. Not only does he know our Bank inside out and fully understand the needs of our customers in Bayern and further afield, but thanks to his various management positions, he is also an expert in all the facets of the banking business and the peculiarities of public-sector banks. He has all the qualities required to build on our achievements of recent years and strategically develop BayernLB in a market and competitive environment that is undergoing fundamental change. We are confident he can take the Bank forward to a successful future.” Until Stephan Winkelmeier takes office, the Bank is in excellent hands with Dr Edgar Zoller. “I would like to thank Edgar Zoller most sincerely for his tireless commitment in this transitional period. As well as ensuring stability and continuity in operations, he will also forge ahead with pending strategic issues in the coming months, together with the rest of the management team, until Stephan Winkelmeier takes the reins,” commented Supervisory Board Chairman Schumacher.