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Ackermann Quits Siemens and Denies Influence in CFO Suicide

Josef Ackermann will step down from Siemens AG’s supervisory board, two weeks after he resigned as chairman of Zurich Insurance Group AG following his naming in the suicide note of finance chief Pierre Wauthier.

The decision of the former Deutsche Bank AG Chief Executive Officer to quit as Siemens deputy chairman is not connected to Zurich Insurance and was made “quite independently and for completely different reasons,” Ackermann told reporters in Berlin at the presention of his biography. The move was prompted by disagreements over the ousting of former Siemens CEO Peter Loescher, according to a person familiar with the situation.