UBS rehired Ermotti as CEO to steer its massive takeover of neighbour Credit Suisse
Following the appointment of Sergio Ermotti as new chief executive of UBS, the Swiss Re chairman intends to step down after the AGM and a short handover period.
The board of directors of Swiss Re has nominated Jacques de Vaucleroy as new vice chairman and lead independent director.
Hitting the ground running
In a statement from Swiss Re, Renato Fassbind, current vice chairman, thanks Ermotti for his ”significant contributions to Swiss Re and his dedicated leadership as chairman over the last two years”.
The Swiss Re Board of Directors will immediately start the search to identify a successor. In the interim, Jacques de Vaucleroy will chair the Board of Directors until a new chairperson has been elected.