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Bloomberg
Deutsche Bank AG Chairman Paul Achleitner is facing intense pressure to clarify the future of Chief Executive Officer John Cryan within days, according to a person familiar with the inside workings of the bank.
Supervisory board members will discuss the situation in an “update call†scheduled by Achleitner for Sunday evening, said two people familiar with the matter, who asked not to be identified as the plan isn’t public.
Achleitner has been talking with possible successors and hasn’t publicly given any indications of his intentions after weeks of speculation. With frustration mounting inside the bank and among shareholders, his options to fill the leadership vacuum are narrowing, said the first person, who asked not to be named discussing private matters.
The chairman is expected to either back Cryan or announce a likely succession plan by the middle of next week, the person said. Chief Financial Officer James von Moltke and Deputy CEOs Marcus Schenck and Christian Sewing are the leading internal contenders for the post, but it’s also possible that Achleitner could pick a surprise external candidate, the person said.