The Supervisory Board of NORD/LB Norddeutsche Landesbank took an early decision at its meeting today to renew the contract of the Chairman of the Managing Board Thomas Bürkle by two years, up to 31 December 2021.

Thomas Bürkle was appointed the bank’s Chairman of the Managing Board as at 1 January 2017. Prior to that, he held the office of Chief Risk Officer (CRO) on the Managing Board for three years. The 65-year-old graduate economist has held management positions for the NORD/LB Group within Germany and abroad since 2002, among other roles as Chairman of the Managing Board of NORD/LB subsidiary Deutsche Hypo. The contract extension is still subject to the approval of the bank’s Owners’ Meeting.

“In a difficult environment, Thomas Bürkle introduced a fundamental transformation of NORD/LB. In times of change, it is vital to maintain staff continuity. We therefore wish to pursue our excellent cooperation based on mutual trust with Thomas Bürkle,” explained Chairman of the Supervisory Board of NORD/LB and Minister of Finance for Lower Saxony Reinhold Hilbers.

About NORD/LB
With total assets of € 160 billion, NORD/LB Norddeutsche Landesbank is one of Germany’s leading commercial banks. Its core business segments include structured finance in the energy and infrastructure sector, ship and aircraft finance, corporate client business, commercial real estate finance, capital market business and private and commercial client business including private banking. The Bank has its head office in Hanover, Braunschweig and Magdeburg. NORD/LB also has branches in Bremen, Oldenburg, Hamburg, Schwerin, Düsseldorf, Munich and Stuttgart. Outside Germany, NORD/LB is active in Luxembourg with a covered bond bank (NORD/LB Covered Bond Bank) and also has offices in London, New York, Singapore and Shanghai.