Current Report 

Drafted on:

22.10.2020

Current report No

69/2020

Legal basis: 

Article 56 sec. 1 item 2) of the Act on public offering, conditions governing the introduction of financial instruments to organized trading, and public companies – current and periodic information

Contents: 

The Management Board of mBank S.A. (“the Bank”) announces that under a resolution of the Bank's Supervisory Board of 22 October 2020, Sabine Schmittoth was appointed as the member of the Supervisory Board of mBank S.A., as of 23 October 2020, until the end of the current term of the Supervisory Board.

Sabine Schmittroth completed her apprenticeship as a bank clerk at Dresdner Bank AG in 1986. After passing the Instructor Aptitude Test with the Chamber of Commerce & Industry (IHK) Frankfurt am Main in 1989, she further acquired various internal qualifications in Credit (1989), as a Trainer (1990) and in Securities (1996). Moreover, she completed a training in Coaching at the European Business School in Oestreich-Winkel in 2001, the High Performance Leadership (HPL) program of IMD Business School in Lausanne in 2013 as well as the Compliance Management (CAS) program of the University of St. Gallen in 2020.

Since the start of her career Sabine Schmittroth worked at Dresdner Bank in various positions. Between 1999 and 2009, she took on different management roles where she was responsible for the securities advisory and later on sales support. After being the Spokeswoman of the Board of Managing Directors of Commerz Direktservice GmbH from 2009 to 2010, Sabine Schmittroth assumed responsibility for the sales management branch banking of Commerzbank AG until 2014. From 2016 until 2019, Sabine Schmittroth was a Member of the Divisional Board of Privat and Small Business Customers.

In January 2020, Sabine Schmittroth was appointed as Member of the Board of Managing Directors of Commerzbank AG responsible for Human Resources, Compliance and Customer Process & Data Management. Since October 2020 she has additionally taken on responsibility for the business segment Private Customers and subsequently discontinued her role as the acting board member for Compliance.

Sabine Schmittroth is a member of supervisory boards of comdirect bank AG, Commerz Real AG and Commerz Real Investmentgesellschaft mbH.

To the best of the Management Board’s knowledge, Sabine Schmittroth is not involved in any activities which compete with those carried out by the Bank.

In accordance with the criteria applied by the Bank, Sabine Schmittroth is not an independent member of the Supervisory Board of the Bank.

Sabine Schmittroth has no records in the Register of Insolvent Debtors maintained under the National Court Register Act.

Vice-director for investment supervision, Compliance Department

Maciej Mołdawa 22.10.2020