Former Migros boss Zumbrunnen continues as Migros Bank President

class=”sc-29f61514-0 kHgAwW”>

Fabrice Zumbrunnen (52) has not been the boss of Migros since the beginning of May. However, as announced on Wednesday, he remains the Chairman of the Board of Migros Bank. Zumbrunnen has chaired the institute’s board of directors since the beginning of 2018. The decision is surprising given the speculation about Zumbrunnen’s resignation as CEO: According to media coverage, Zumbrunnen resigned because he could not stand the constant quarrels and constant interference from the ten Migros regional cooperatives.

For this reason, Migros Bank can continue to rely on the experience and banking knowledge of Zumbrunnen, who closely accompanied the development and implementation of the current general bank strategy during his term as Head of Migros Cooperatives Federation. A media release from Wednesday.

Resignation was a surprise

Mario Irminger (57) replaced Zumbrunnen at the head of Migros. He was the CEO of Denner, a subsidiary of Migros, for 12 years. Prior to that, he first worked for EY for about eight years as an auditor, then twelve years as CFO at Heineken Switzerland. In 2010, Irminger joined Denner as CFO and was appointed CEO a year later.

Fabrice Zumbrunnen announced last October that he surprisingly resigned from his position as Migros General Manager at the end of April 2023. Zumbrunnen, Migros’ first boss from French-speaking Switzerland, logically wants to break new ground professionally, after ten years as general manager and five years as president. (SDA/smt)

Source :Blick