Announcement
Monday, 08 September 2008 04:12:56 AM GMT
Troubled German bank WestLB presents new board chairman
- Tuesday, 01 April 2008
- AFP
FRANKFURT, April 1, 2008 (AFP) - German bank director Heinz Hilgert has been elected board chairman of the troubled regional bank WestLB as it tries to overcome subprime problems with billions of euros in state backing, the bank said Tuesday.
Hilgert, 54, formerly ran the Frankfurt-based cooperative DZ Bank and will take over from Alexander Stuhlmann on May 1, a statement said.
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