Philipp Marti has decided to leave VZ Group for personal reasons. He will resign as member of the Group Executive Board and as CFO on 1 October 2017. Rafael Pfaffen, who has been VZ Depository Bank's CFO for 10 years, has been appointed as his successor by the Board of Directors.

To ensure a smooth handover, Philipp Marti will support his successor until the end of March 2018.