| 41. | The management board appointed one of its members to be the CEO.
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| 42. | It is run by a Management Board of four members.
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| 43. | The supervisory board then elects a management board which leads the company.
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| 44. | The Management Board manages the Foundation s activities and represents it externally.
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| 45. | In these capacities Fitschen joined the Deutsche Bank Management Board in 2009.
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| 46. | Marc Raisi�re succeeded him as Chairman of the Management Board.
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| 47. | January 17, 2013 he was appointed President of the Management Board.
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| 48. | On 24 June 2014 he was elected Chairman of the Management Board.
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| 49. | The Management Board of MWMSF consists of a chairman and two members.
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| 50. | Artem Asatryan also officiates the Management Board of Pension Reforms in Armenia.
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