Press Release from 2018-07-02 / DEG
Christiane Laibach new Chair of DEG’s Management Board
Christiane Laibach has taken office as Chair of the Management Board of DEG. She succeeds Bruno Wenn. Monika Beck has been appointed as a new member of the DEG Management Board.
Bruno Wenn retires
Christiane Laibach has taken office as Chair of the Management Board of DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH, as of 1 July 2018. She succeeds Bruno Wenn, who has chosen to take early retirement as of 30 June 2018 following nine years in the post.
Christiane Laibach has been a member of the DEG Management Board since February 2015. A graduate economist, Laibach (56) was previously responsible for the global loans and investment business with corporates and funds, for infrastructure financing and for Customer Solutions. In September 2017, she was appointed Chair of the DEG Management Board by KfW in its capacity as shareholder of DEG.
"We are very pleased that, with Christiane Laibach, we have a very well networked financial expert as the Chair of the DEG Management Board who is held in high regard both throughout Germany and internationally. We would also like to thank Bruno Wenn for his over 35 years of service to the KfW Group, where he made a lasting difference through his sterling work for German development cooperation in many different positions," said Prof. Dr Joachim Nagel, Member of the Executive Board of KfW.
Christiane Laibach joined KfW in 1990, where she held a number of management positions, most recently as a member of the Management Board of KfW IPEX-Bank from 2008 to 2015. As Management Board Chair, she is responsible for the divisions Corporate Strategy and Development Policy, Corporate Communications, Human Resources, Legal and Compliance, Internal Audit and, as before, Customer Solutions.
Women to make up two of the three members of the Management Board as of 1 July
Monika Beck has been appointed as a new member of the DEG Management Board. She is a graduate in economics and has worked for KfW since 2001. She held management positions at KfW Development Bank from 2004 to 2015 and became head of KfW’s Compliance department in 2015. In her role as a member of DEG’s Management Board, Beck is responsible for DEG’s front office divisions.
These changes mean that two women are now active on DEG’s Management Board. Philipp Kreutz has been the Management Board’s third member since 2008. He is responsible for DEG’s back office divisions.