Swiss Re’s Board of Directors has nominated Sergio P. Ermotti, Joachim Oechslin and Deanna Ong for election as new members of the Board at its April 2020 annual general meeting (AGM).
Ermotti has been Group Chief Executive Officer and a member of the Group Executive Board of UBS Group since 2011.
Before joining UBS, he was Group Deputy Chief Executive Officer at UniCredit and responsible for the business areas of Corporate and Investment Banking, and Private Banking between 2007 and 2010.
As previously announced Ermotti will be nominated to succeed Walter B. Kielholz as Chairman of the Board in 2021.
Oechslin, meanwhile, was Group Chief Risk Officer and a member of the Group Executive Board of Credit Suisse Group from 2014 to February 2019 and is currently a Senior Advisor at Credit Suisse.
Previously, he was Chief Risk Officer and a member of the Group Committee of Munich Re Group (2007–2013), Deputy Chief Risk Officer of AXA Group (2007), Group Chief Risk Officer of Winterthur Group (2003–2006) and Chief Risk Officer of Winterthur Life & Pensions (2001–2003).
And finally, Ong has been Chief People Officer and a member of the Group Executive Committee at GIC, a sovereign wealth fund established by the Government of Singapore, since 2017.
For the past two years, she has also been a Board member and Chairwoman of the Audit Committee of Swiss Re’s main reinsurance carrier for the Asia region.
Ong joined GIC in 1994 and held various finance roles covering public and private market assets until 2009, after which she became Director Finance, and later took on responsibility for Human Resources & Organisation and Corporate Governance.
Trevor Manuel and Eileen Rominger will not stand for re-election at the upcoming AGM. They will continue to closely work with Swiss Re, with Trevor Manuel joining the Swiss Re Strategic Council and Eileen Rominger joining a regional Board in the US.
“On behalf of my colleagues, I would like to thank Trevor Manuel and Eileen Rominger for their great dedication and valuable contribution to Swiss Re’s main Board over the past years,” said Swiss Re’s Chairman Walter B. Kielholz. “We look forward to continuing to work with them in their new roles.”
“We are also very pleased to propose the election of Sergio P. Ermotti, Joachim Oechslin and Deanna Ong, who will further expand the international experience and financial industry expertise of the Board,” he added.
The Board has also proposed the re-election of the following members for a one-year period: Walter B. Kielholz (as Chairman of the Board of Directors), Raymond K.F. Ch’ien, Renato Fassbind, Karen Gavan, Jay Ralph, Joerg Reinhardt, Philip K. Ryan, Paul Tucker, Jacques de Vaucleroy, Susan L. Wagner, and Larry Zimpleman.
In addition, the Board has proposesd the following individuals to be elected or re-elected as members of the Compensation Committee at the AGM: Raymond K.F. Ch’ien, Renato Fassbind, Joerg Reinhardt, Jacques de Vaucleroy, Karen Gavan (new)
PricewaterhouseCoopers Ltd has also been nominated for re-election as Swiss Re’s auditor for a one-year term for the financial year starting on 1 January 2020, KPMG has been proposed as the new auditor for 2021.
