Contract of Belgin Rudack as CEO of KfW IPEX-Bank extended until the end of 2027

KfW as shareholder and the Board of Supervisory Directors of KfW IPEX-Bank have mutually decided to extend the contract for Belgin Rudack as CEO of KfW IPEX-Bank until the end of 2027. Under her leadership, KfW IPEX-Bank has developed very successfully in a challenging environment and impressed with outstanding economic results.

Belgin Rudack has continued to drive the development of KfW IPEX-Bank to become a key financier of the transformation of its customers on their journey towards achieving greenhouse gas neutrality. KfW IPEX-Bank is sustainably strengthening Germany by supporting investments in energy and digital infrastructure as well as by helping to secure the supply of raw materials.

With the early decision to appoint Aida Welker to become Andreas Ufer’s successor on the Management Board, as well as Claudia Schneider and Velibor Marjanovic as experienced managers of KfW IPEX-Bank, the Management Board is now well positioned to successfully tackle the challenges of the coming years.

Christiane Laibach, Chair of the Supervisory Board and responsible member of the Executive Board of KfW Group, explained

"The coming years are set to be dominated by volatile global markets and changing geopolitical conditions. I am convinced that, under the Management Board's leadership, KfW IPEX-Bank will be able to make a valuable contribution to strengthening the German and European economy and will be able to build upon its previous successes. I am therefore delighted that Belgin Rudack will remain in her role at KfW IPEX-Bank as a committed CEO."

Portrait photo of Belgin Rudack:

For reporting purposes, a photo of Belgin Rudack can be downloaded from KfW's photo archive using the following link:photo archive