Commerzbank CEO Manfred Knof to Step Down at End of Contract

Commerzbank Aktiengesellschaft announced that Manfred Knof, the current CEO, will not seek an extension of his contract. His term will conclude at the end of December 2025. This announcement was made to Jens Weidmann, Chairman of the Supervisory Board.

Weidmann expressed regret at Knof's decision but acknowledged and respected his choice. He praised Knof's successful tenure at the bank. The Supervisory Board will now begin searching for Knof's successor in an orderly manner.

This announcement includes forward-looking statements about Commerzbank’s future operations, potential efficiency gains, and growth prospects. These statements are based on current plans and expectations but are subject to risks and uncertainties that could lead to different actual outcomes.