Deutsche Bank Raises Chairman Pay 21%, Adds Henkel CEO to Board

Deutsche Bank AG is raising the base pay of Supervisory Board Chairman Alexander Wynaendts by 21% to €1.15 million ($1.35 million).

The current compensation “is no longer competitive in attracting and retaining highly qualified supervisory board members,” Deutsche Bank said in a statement ahead of its annual shareholder meeting, which takes place next next month.