Deutsche Bank has named Volkswagen chief financial officer Frank Witter as a new member of its supervisory board, replacing Alexander Schütz, the executive who came under fire for email communications with the boss of scandal-ridden payments firm, Wirecard.
Witter's appointment will be voted upon at the bank's annual general meeting in May. He's set to retire from Volkswagen in June. His term was due to end in 2023.
