Actual date of exit to be introduced in the end
Sergio P. Ermotti, who’s again at UBS as chief government, has been re-elected as chair of Swiss Re forward of his imminent departure from the reinsurance large.
In a launch following the corporate’s annual common assembly, Swiss Re famous: “Shareholders permitted the re-election of Sergio P. Ermotti because the chairman of the board of administrators. As introduced on March 29, 2023, Sergio P. Ermotti will step down after the AGM and a brief handover interval.
“The board of administrators has appointed Jacques de Vaucleroy as vice chairman and as lead impartial director. He’ll chair the board of administrators till a brand new chairperson has been elected by a unprecedented assembly of shareholders.”
Ermotti’s re-election was proposed previous to his appointment at UBS, which took impact on April 5. As for the precise date of his exit from Swiss Re, the reinsurer stated this will likely be introduced in the end.
In the meantime, Swiss Re shareholders additionally permitted the board’s proposal to pay out an abnormal dividend of $6.40 per share for the 2022 monetary yr.
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