Dr. Jutta Dönges resigned as a member and Deputy Chairwoman of the Supervisory Board of FMS Wertmanagement (FMS-WM) at her own request effective 30 November 2022. Dr. Holger Horn has also decided not to extend his mandate as a member of the Supervisory Board of FMS-WM, which expired at the end of January 2023.

“We would like to express our sincere thanks to Dr. Dönges and Dr. Horn for their many years of commendable commitment to FMS Wertmanagement. As my deputy and a member of the Risk Committee respectively, Dr. Dönges and Dr. Horn made a key contribution to the Supervisory Board’s work over the last few years. We wish them both all the best for the future,” said Dr. Michael Kemmer, Chairman of the Supervisory Board of FMS-WM.

Sandra Gransberger and Dr. Frank Czichowski have been appointed as new members of the Supervisory Board of FMS-WM. Ms. Gransberger is an economist, CEFA/Investment analyst and certified expert in sustainable finance who spent many years in senior management roles at BHF-BANK. She has served as the Managing Director of ATHELIOS Vermögensatelier SE in Frankfurt am Main since 2021. Dr. Czichowski is an economist who spent more than 30 years at the KfW banking group, where he was Senior Vice President/Treasurer until 2020.

“In Sandra Gransberger and Dr. Frank Czichowski, we have enlisted the help of two proven experts to assist us with our work on the Supervisory Board. We are very much looking forward to working with them,” said Dr. Kemmer. Dr. Tammo Diemer was elected as Deputy Chairman of the newly formed Supervisory Board of FMS-WM.

FMS-WM was founded in 2010 with the aim of winding up the risk positions and operations that were transferred to the company from the Hypo Real Estate Group (HRE Group) effective 1 October 2010. FMS-WM is supervised by the Federal Agency for Financial Market Stabilisation.

If you have any questions, please do not hesitate to contact Frank Hessel, Press Spokesman, at +49 (0)89-9547627 647 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..