Deutsche Boerse CEO Receives Board Backing, Euro am Sonntag Says

Deutsche Boerse AG (DB1) Chief Executive Officer Reto Francioni won’t be fired should the proposed $9 billion merger with NYSE Euronext (NYX) fail, Euro am Sonntag reported, citing an unnamed supervisory board member.

Francioni prepared the company well for the merger and he is not responsible for its prospective rejection by European competition authorities, Euro am Sonntag cited the supervisory board member as saying.

To contact the reporter on this story: Alex Webb in Frankfurt awebb25@bloomberg.net.

To contact the editor responsible for this story: Chad Thomas at cthomas16@bloomberg.net.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.