Hamburg Commercial Bank appoints new chairman of supervisory board

Hamburg Commercial Bank has appointed Chad Leat as chairman of the supervisory board, replacing Juan Rodriguez Inciarte. Leat will serve as chairman until current board member Paulus de Wilt is available to take over the position. De Wilt currently serves as the deputy chairman. In addition, Klaus Heinemann, who has chaired the Audit Committee of the HCOB Supervisory Board since March 2019, has been elected to continue as chairman of the audit committee. Chad Leat and Paulus de Wilt first joined the Supervisory Board of Hamburg Commercial Bank end of November 2018. In a statement, the bank said: “HCOB expresses its sincere thanks to Juan Rodríguez Inciarte, the departing chairman of the supervisory board, for his many years of strong commitment to building up the new bank. “The HCOB management looks forward to collaborating with Chad Leat and Paulus de Wilt in the future”. Chad Leat expresses: “I am honoured to be elected chairman of the HCOB supervisory board and look forward to working with my fellow board members and our stakeholders to continue shaping the bank’s future.” Paulus de Wilt says: “I look forward to working closely with the management board and supervisory board to keep building on our strong foundation and drive HCOB’s success.” “It is a great honour and pleasure for me to have chaired the bank’s Supervisory Board since its privatization. I am confident that the new appointments to the chair positions of the Supervisory Board are a perfect fit and I wish them every success in their new roles,” states Juan Rodríguez Inciarte.