Germany's Deutsche Bank AG (DB) Friday denied that two unnamed executive board members have called for Chief Executive Josef Ackermann to leave his position earlier than planned, as reported in Friday's edition of Handelsblatt newspaper.

"The known time plan on management changes published earlier this week remains the same," the bank said in an emailed statement.

Ackermann will step down as CEO after the bank's annual meeting on May 31, 2012, to be replaced by two co-CEOs, Anshu Jain, until now head of investment banking operations, and Juergen Fitschen, the head of Germany operations.

The bank said Monday Ackermann will no longer be available as a candidate for head of the supervisory board, and instead put forward Paul Achleitner, a former Goldman Sachs (GS) investment banker now with Allianz SE (ALV.XE).

Newspaper website: http://www.handelsblatt.com/unternehmen/banken/machtkampf-ueber-abgang-von-ackermann/5860582.html

-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500.