Hans-Joachim Watzke Steps Down as Managing Director of Borussia Dortmund Geschäftsführungs-GmbH and Takes Office as President of Ballspielverein Borussia 09 e.V. Dortmund

Written by Emily J. Thompson, Senior Investment Analyst

Source: Yahoo Finance

Updated: Nov 23 2025

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Source: Yahoo Finance

Watzke's Resignation: Hans-Joachim Watzke has resigned as managing director and chairman of Borussia Dortmund's management board, effective immediately, to fulfill eligibility requirements for the presidency of BVB e.V.
New Executive Board: At the annual general meeting, Watzke was elected president of BVB e.V., with Daniel Lörcher as vice president and Silke Seidel as treasurer, forming the new executive board.
Management Continuity: The management of Borussia Dortmund Geschäftsführungs-GmbH will continue with Carsten Cramer, Thomas Treß, and Lars Ricken, whose contracts are valid until June 30, 2027.
Future Adjustments: The Presidential Committee of the Advisory Board will discuss adjustments in responsibilities within the management board following Watzke's departure and will inform the public of any decisions made.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.