6 new stocks added last week by ProPicks AI are already up by 2.5%. Don't miss the momentum!Get 50% off

Former German cabinet minister to join Rheinmetall board - Welt

Published 30/03/2017, 19:09
© Reuters. FILE PHOTO: Germany's former Labour Minister and former Defence Minister Jung arrives for board of inquiry in Berlin
RHMG
-

BERLIN (Reuters) - Former German defence minister Franz Josef Jung is to join the supervisory board of defence and automotive engineering group Rheinmetall (DE:RHMG), newspaper Die Welt said on Thursday, citing a company spokesman.

Jung, who was defence minister in Chancellor Angela Merkel's grand coalition government between 2005 and 2009, is due to be elected at Rheinmetall's annual general meeting on May 9, the report said.

A spokesman for Rheinmetall didn't return calls seeking comment.

It's not the first time that a former member of Merkel's cabinet will join the Duesseldorf-based firm. Former German Economic Cooperation and Development Minister Dirk Niebel joined Rheinmetall in 2015 to advise the company on strategy issues and government relations, according to the company's web site.

© Reuters. FILE PHOTO: Germany's former Labour Minister and former Defence Minister Jung arrives for board of inquiry in Berlin

Separately, Die Welt said the company's long-time chairman Klaus Greinert will be replaced by Ulrich Grillo, former head of Germany's BDI industry federation, after the shareholders meeting in May.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.