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Fabrice Zumbrunnen (53) handed over the chairmanship of Migros Cooperative Union (MGB) to Mario Irminger (58) last April, but retained his seat as chairman of the board of directors. Zumbrunnen also took a seat on the board of directors of the Swiss Medical Network (SMN) and MRH Switzerland in June 2023.
These are the two main holdings of Aevis Victoria, an investment company focused on healthcare, hospitality and infrastructure. He will now be CEO there from May 1, 2024.
Previous boss and company founder Antoine Hubert will accompany the transition and will be proposed for election as Chairman of the Board of Directors at the 2025 Annual General Meeting, according to a statement on Tuesday. Current Chairman Christian Wenger will resign.
Zumbrunnen’s closeness to health problems
Zumbrunnen also significantly expanded the healthcare business within the Migros Group with the development of Medbase. As it is known, the retailer Zur Rose has also entered into cooperation with the mail order pharmacy. Migros ultimately took over the pharmacy chain’s business in Switzerland for approximately 360 million francs. Finally, the Zahnzentrum dental clinic chain has been part of the Migros Cooperative Union (MGB) since 2020.
His appointment at Aevis marks “a new phase in the development and transformation into an investment company”. Zumbrunnen’s management experience and wide range of activities within the Migros Group will allow the company to further develop and manage its investment portfolio in line with the strategy developed by the founders. (SDA/rae)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
