Former Deutsche Bank Chief Executive Josef Ackermann said on Thursday (September 12) that he would step down from the supervisory board of German engineering conglomerate Siemens, where he is second deputy chairman.

He is also a member of the nomination and succession committee at Royal Dutch Shell where he is a non-executive director, and a director at Investor AB, an investment company founded by Sweden's Wallenberg family.

Last month, Ackermann resigned from his position as chairman of Zurich Insurance, following the suicide of the company's chief financial officer.

Ackermann hit back at claims that he was to blame for the suicide of Pierre Wauthier.

Asked what kind of man Wauthier was, Ackermann said he had not known him well enough to say, and said that he had not spoken again with Wauthier's family.

Presented by Adam Justice

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