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A meeting of RWE's supervisory board over the weekend is expected to approve the deal; if that happens, everything should be finalised by December.Water mania is one symptom of a broader fad for utilities.
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On October 10th Gilles Pélisson was unanimously chosen by members of the group's supervisory board to take over as chief executive of Accor next January.
Josef Ackermann resigned from the supervisory board, reportedly over disagreements with the chairman, Gerhard Cromme, about Mr Löscher's exit.
Before his retirement from Deutsche Bank, Mr. Ackermann carried out a public feud with the supervisory board chairman over his successor.
While the bank's 20-strong supervisory board watched over its four-man executive board (whose salaries are declared), the committee got on with running the bank without revealing its executives' remuneration.
But he has also generated controversy during his career, becoming enmeshed in several legal battles and getting into a public feud with Deutsche Bank's supervisory board chairman over his successor at the bank.
KLAUS KLEINFELD'S FUTURE as the chief executive of Siemens, the scandal-ridden engineering giant, has been left hanging as the company's supervisory board wavers over the extension of his contract.
31 May: Deutsche Bank faces a protest from an investor group led by Hermes Equity Ownership Services over the supervisory board's performance over the past year.
Our report recommends the creation of a supervisory board to watch over the HMRC executive board.
While there is a tradition among Deutsche Bank chief executives of taking over the supervisory board after they retire, some investors objected to Mr. Ackermann's assuming that role, fearing he might impede his successor.
Mr. Ackermann, who has led the bank since 2002, has said on numerous occasions that he did not want to take over the supervisory board when he retired as chief executive.
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