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It was clear before the General Assembly of Swiss Re that Sergio Ermotti (62), Chairman of the Board of Directors of Swiss Re, would resign from this position. Despite this, the company applied to re-elect him. Shareholders complied with this request and re-elected the new UBS CEO.
He will resign from this post “after a short transitional phase,” as the company wrote. The exact date has not yet been determined.
Ermotti’s choice should enable the transition to be “efficient in line with the best corporate governance and in the interests of all relevant stakeholders”. But Swiss Re should not stay too long.
The Swiss Re Board has nominated Jacques de Vaucleroy (59) as Vice President and Chief Independent Director. He presides over the Board of Directors until a new President is elected at the Extraordinary General Assembly.
Shareholders approved the re-election of all other proposed Board members for one year. All other proposals of the Board of Directors, such as the remuneration to the Board of Directors and the Executive Committee for the upcoming financial year, have also been approved. In addition, ordinary dividends of $6.40 per share have also been approved.
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.
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