– SWITZERLAND, Zurich – Swiss Re (SWX: SREN) today announced the election of Sergio Ermotti as new Chairman of its Board of Directors, succeeding Walter Kielholz who has not to stand for re-election and retired from this position after 12 years of tenure.
Also, Renato Fassbind was re-appointed as Vice-Chairman and as the Lead Independent Director at the post-AGM meeting of the Board of Directors.
“On behalf of our shareholders, the members of the Board, and our employees, I would like to extend my sincere gratitude to Walter Kielholz for his services and accomplishments as Chairman of Swiss Re’s Board of Directors over the past 12 years. He has been an integral part of our company for decades and has played a pivotal role in shaping the development of not only Swiss Re, but the entire Swiss financial center. I wish him all the best for his well-deserved retirement and would like to congratulate him on his appointment as Honorary Chairman of Swiss Re. Likewise, I would like to congratulate Sergio Ermotti on his election as new Chairman and look forward to continuing our successful collaboration.“ said Vice-Chairman, Renato Fassbind.
The Board of Directors also decided to award the title of Honorary Chairman to Walter Kielholz to recognize his services to Swiss Re over the past decades. This is only the third time this prestigious title has been awarded at Swiss Re in its more than 150 years of history.
Honorary Chairman, Walter Kielholz said: “Since I first joined Swiss Re in 1989, our world, our society, and our company have faced challenges and undergone changes. On each such occasion, we had to adapt, constantly assessing and developing our business, while always fulfilling our role as shock-absorber. There will be new challenges, and the pace of change is only likely to accelerate. However, I am confident that Swiss Re is well-positioned for the future. Thanks to our committed employees and culture of collaboration and innovation, Swiss Re can not only overcome any obstacles but will continue to lead by example – shaping a resilient and sustainable society for future generations.“
Newly appointed Chairman, Sergio Ermotti said: “I am honored to be succeeding Walter Kielholz in the role as Chairman of the Board and want to thank shareholders for the trust they have placed in me. I look forward to continuing working closely with the Board and the management team to further evolve our company, leveraging our proven risk expertise and partnerships to innovate and improve the societal resilience in this everchanging and fast-evolving landscape.“
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