Paul Achleitner is calm, softly-spoken and diplomatic.
That helps him as chairman of Deutsche Bank’s supervisory board, the non-executive committee that hires and fires chief executives and confirms management decisions.
Mr. Achleitner also sets great store by being prepared for the meetings he chairs. He tries to resolve disputes in advance, if he sees trouble ahead with major investors.
This year, that strategy didn’t get him very far.
Thursday’s annual meeting of shareholders is more likely to be chaotic, full of angry shareholders criticizing the bank’s co-chief executives, Anshu Jain and Jürgen Fitschen.
Many influential major investors intend to withdraw their support for the co-CEOs and issue a formal disapproval of the actions of the management board.