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Wirecard chairman voices support for embattled CEO: report - Metro US

Wirecard chairman voices support for embattled CEO: report

Braun of Wirecard AG attends the company's annual news conference in Aschheim

FRANKFURT (Reuters) – The chairman of Wirecard’s supervisory board, Thomas Eichelmann, voiced support for the German payments company’s chief executive, Markus Braun, despite controversy over previous months, according to an interview with a German newspaper.

A debate about the post would not be in the best interest of the company, Eichelmann told Handelsblatt in Thursday’s editions.

“I do not see a removal of Dr. Braun at the moment,” he said.

Shares in Wirecard slumped again on Wednesday as a prominent short seller demanded the sacking of Braun after a special audit was unable to verify its financial statements.

(Reporting by Tom Sims; Editing by Michelle Martin)

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