KfW Board Extends Contract of Executive Board Member Dr Stefan Peiß
The Board of Supervisory Directors of KfW, Germany's state-owned development bank, has extended the contract of Dr Stefan Peiß, a member of the Executive Board, for five more years. His new term will run until December 31, 2029.
Frankfurt – The Board of Supervisory Directors of KfW has decided to extend the contract of Dr Stefan Peiß as a Member of the Executive Board for an additional five years. Dr. Peiß's second term will begin on January 1, 2025, and conclude on December 31, 2029.
Dr. Peiß, 54, has served on KfW's Executive Board since January 1, 2016. He will continue to be responsible for credit risk management, risk controlling, and all tasks related to compliance. The decision was announced on March 21 by the Chair of KfW's Board of Supervisory Directors, German Federal Minister for Economic Affairs and Climate Action Dr. Robert Habeck, and Deputy Chair, Federal Minister of Finance Christian Lindner, following a meeting of the board.
In recent years, Dr. Peiß has focused on promoting proactive risk management and implementing regulatory requirements. He will continue to prioritize a future-oriented approach to risk management, which is central to KfW's role as a financier of transformation. The bank plays a key role in financing climate protection and sustainable development projects.
KfW is a major public sector bank that supports the economic, climate, and social policy objectives of the German federal government. Its financing promotes investments, innovations, and infrastructure projects by companies both domestically and internationally.