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Seifert, Hlubek, Ex-Deutsche Boerse Chiefs, Reunited at REDO
Werner Seifert, former chief executive officer of Deutsche Boerse AG, and Mathias Hlubek, his former finance chief, have joined the advisory board of REDO Water Systems GmbH, a German maker of water-treatment systems.
Seifert, who’s also chairman of aircraft-leasing company AWAS and advisor to Ireland’s state venture-capital firm Enterprise Ireland, will join Hlubek, Stefan Eishold and Wolfram Thiemann on the newly created board, REDO said in an e-mailed statement today.
Seifert, one of Germany’s best known chief executives, was forced to resign from the exchange in 2005 after clashing with shareholders concerned about his bid for London Stock Exchange Group Plc. His brush with shareholders sparked a national debate on the role of hedge funds, dubbed locusts by some German politicians, and on corporate governance.
Seifert, who plays jazz in his free time, retired to Ireland after his defeat and published a book entitled “The Invasion of the Locusts.” Hlubek, hired by Seifert in 1999, quit Deutsche Boerse in March 2007 and is now also a member of the supervisory board of ARCUS Capital, a private equity firm.
“This advisory board will be an asset to our company thanks to the extensive experience of the board’s members in the field of international management as well as their technical expertise,” Attila Galambodi, who founded and runs REDO, said in the statement. The company makes water disinfection systems.
The other members of Redo’s advisory board are Eishold, ARCUS Capital’s managing partner, and Thiemann, professor emeritus of physical chemistry at the University of Bremen, Germany, REDO said.
On Dec. 7, Deutsche Boerse which runs the Frankfurt stock exchange, said talks with NYSE Euronext, operator of the world’s largest stock market, have “now ended without any conclusion.”
The same activist shareholders who clashed with Seifert are now the German bourse’s two biggest shareholders, New York-based Atticus Capital LLC and London-based Children’s Investment Fund Management LLP.
Bloomberg
