Ronaldo Schmitz

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Ronaldo Hermann Schmitz (2013)

Ronaldo Hermann Schmitz (born October 30, 1938 in Porto Alegre , Brazil ) is a German manager and banker.

education

After graduating from high school in Rio de Janeiro , Schmitz studied business administration and economics at the University of Cologne from 1958 to 1962 . At the same time he became active at Corps Hansea Cologne , where he is still a member today. In 1965 he received his doctorate degree from the University of Cologne with a thesis on corporate management in Brazilian industry. rer. pole. PhD. He completed an MBA program at Insead in Fontainebleau .

Executive leadership positions

After starting his career at the Deutsche Treuhandgesellschaft in 1965, Schmitz moved to BASF in Ludwigshafen am Rhein two years later . Between 1974 and 1977 he went to Spain for the company as Managing Director of BASF Española. Schmitz then worked as chairman of the BASF colors + fibers AG in Münster. In 1980 he was appointed to the Board of Executive Directors of BASF, responsible for the areas of basic chemicals, oil + gas and raw materials purchasing. In 1985 Schmitz also took over the finance department. The work of the Board of Management was characterized in particular by efforts to ensure competitive raw material and energy costs at the German location. In this context, he repeatedly called for the "short circuit in competition" between electricity providers to be eliminated and the regional monopolies and inflexible conditions of electricity suppliers to be loosened up in Germany. In this context, Schmitz also suggested relocating electricity imports from other French countries.

In 1990 Schmitz moved from BASF to Deutsche Bank . At the financial institution, he was responsible for Global Investment Banking and the North America region. In 1991 he joined the board of directors of the credit institute , which he was a member of until his retirement in 2000. During his time on the board of directors of Deutsche Bank, Deutsche Bank successfully expanded its investment banking division. This was decisively driven by the takeover of the British investment bank Morgan Grenfell . Schmitz was a member of the board responsible for this and, as such, played a key role in the development and expansion of this newly aligned investment unit. In this context, Schmitz actively campaigned for an internationally networked positioning of Deutsche Bank in the area of ​​investment banking and for the management of these activities from within the City of London: "One thing is certain: Our home location in Frankfurt benefits when we are able via London to to play on the keyboard of international investment banking. ”Indeed, the investment banking division moved to London in the mid-1990s. In 1998/1999, on the initiative of the responsible board member Schmitz, the investment banking sector was further strengthened with the takeover of the US Bankers Trust and thus not only Anglo-Saxon but also North American expertise was integrated into Deutsche Bank. "The purchase of Bankers Trust catapults Deutsche Bank to the top of the world," was the title of Focus for the transatlantic transaction. Schmitz also remained associated with Deutsche Bank as a member of the advisory group until 2005, even after he left the company in 2000.

Supervisory board and administrative board positions

  • Schmitz has been a member of the supervisory board of the Istituto per le Opere di Religione (IOR) since 2006 , and has been its vice-president since 2009. Between June 2012 and February 2013 he was also President ad interim. He was followed by Ernst von Freyberg , who has been President of the financial institution since then. Schmitz actively accompanies and supports the far-reaching reform course at the IOR in his role as Deputy President of the institute.
  • Schmitz has been a member of the supervisory board of the sensor manufacturer Sick since 2005 . * Since 2005 Schmitz has been a member of the board of directors of the US industrial company Cabot Corporation .
  • Ronaldo Schmitz has been a member of the shareholders' committee of the private Frankfurt bank Metzler since 1986 .

Previous posts

  • From 2001 to 2010 Schmitz was a member of the Group Board of Legal & General in London .
  • From 1997 to 2009 Schmitz was a member of the Group Board of GlaxoSmithKline . Between 2001 and 2006 he also chaired the auditing department of the British pharmaceutical company.
  • Between 1992 and 2009, Schmitz was a member of the board of directors of the US company Rohm and Haas .
  • From 1994 to 2000 Schmitz was Vice President of the Bertelsmann Supervisory Board .
  • Schmitz was chairman of the supervisory board of Metallgesellschaft (MG) from 1993 to 1998 . In 1993, the company came to the brink of insolvency due to oil futures deals by the chairman of the board, Heinz Schimmelbusch . Schmitz then dismissed both Schimmelbusch and the CFO Meinhard Forster and dissolved their positions. Criticism was expressed of Schmitz's crisis management - this was strongly influenced by the personal confrontation with Schimmelbusch and his proximity to Deutsche Bank. An expert report commissioned by the company in 1994, however, absolved Schmitz of any responsibility for the corporate crisis: “The company's ex-board member was responsible for the then near bankruptcy of MG. Special reports have shown that neither the supervisory board nor Schmitz can be accused of breach of duty. "
  • From 1990 to 1996 Schmitz also sat on the supervisory board of Kaufhof .

literature

  • Thomas Knipp: The power struggle. The Metallgesellschaft and Deutsche Bank case. Econ Verlag, Düsseldorf and Munich 1998, ISBN 3-430-15494-4

Web links

Individual evidence

  1. ^ Directory of addresses of Kösener and Weinheimer Corps students ; 1995; P. 612.
  2. ^ Platow Letter, October 29, 2003: Ronaldo Schmitz turns 65.
  3. ↑ "Smoothly the profit away" Der Spiegel, March 21, 1983.
  4. ^ A programmed incident Die Zeit, August 21, 1987.
  5. ↑ Innovative indices and success in futures trading raise Frankfurt's status ( memento of the original from September 23, 2015 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. Financial News, June 28, 1999. @1@ 2Template: Webachiv / IABot / www.efinancialnews.com
  6. ↑ "There is hardly anything that we do not trust ourselves" Die Welt, March 26, 1996.
  7. ^ "Culture shock in the pinstripe" Die Zeit, July 7, 1995.
  8. ↑ "We have the best on board" Focus, April 1, 1999.
  9. ^ Careful Courtship Brought Bankers Trust to Deutsche Merger New York Times, November 24, 1998.
  10. ^ American Dream Focus, Nov. 30, 1998.
  11. ^ Süddeutsche Zeitung, October 30, 2003: Ronaldo Schmitz.
  12. ↑ ior.va: Governance ( Memento of 3 August 2013 Internet Archive )
  13. ^ Cardinals decree to dismiss Vatican bank chief ; kathweb, June 2, 2012.
  14. ^ Tilmann Kleinjung: Pope makes German knight head of the Vatican Bank ; Tagesschau , February 15, 2013.
  15. ↑ Arne Storn: Behind thick walls ; Zeit Online, March 1, 2013.
  16. ↑ Sick AG: Management ( Memento of the original from May 26, 2014 in the Internet Archive ) Info: The archive link was inserted automatically and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. . @1@ 2Template: Webachiv / IABot / www.sick.com
  17. ^ Cabo Corporation: Governance .
  18. ↑ Bankhaus B. Metzler: Annual Report 2012 .
  19. ↑ Legal & General: Board of Directors, 2007 ( Memento of March 4, 2014 in the Internet Archive ).
  20. ↑ Knipp, Thomas: The power struggle.
  21. ↑ Reuters, April 2, 1998: MG wants to let the past rest.
  22. ↑ Süddeutsche Zeitung, April 3, 1998: Final line under the crisis era of the MG.
personal data
SURNAME Schmitz, Ronaldo
ALTERNATIVE NAMES Schmitz, Ronaldo H.
BRIEF DESCRIPTION German business manager
DATE OF BIRTH October 30, 1938
PLACE OF BIRTH Porto Alegre , Brazil