Frank Schnewlin and Carsten Maschmeyer newly elected to Board of Directors
Frank Schnewlin, former CEO of the Baloise Group and before that a member of the Group Executive Committee of the Zurich Financial Services Group, and Carsten Maschmeyer, founder of the AWD Group and for many years Chairman of its Board of Management, were elected for a three-year term to the Board of Directors by over 95% of the votes represented at the Annual General Meeting of Shareholders. Henry Peter was re-elected to the Board of Directors for a further three-year term of office. Frank Schnewlin will become a Member of the Investment and Risk Committee and, in particular, will chair the newly created Nominations and Compensation Committee. This committee advises the Board of Directors on personnel decisions at the highest management level and on the establishment of compensation guidelines with regard to members of the Board of Directors and the Corporate Executive Board. Carsten Maschmeyer will take a seat on the Investment and Risk Committee.
Rolf Dörig to preside over Chairman's Committee
Bruno Gehrig and Pierfranco Riva did not stand for re-election and no longer serve on the Board of Directors. Gerold Bührer, Vice Chairman of the Board of Directors, praised the key contribution made by Bruno Gehrig: "Bruno Gehrig proved to be an ideal choice for Swiss Life. He joined in 2003 at a difficult time for the company. Thanks to his experience, his leadership qualities, his knowledge of the financial markets and his tight-knit network among the business community and political circles, he was instrumental in the company's successful turnaround. With great consistency and persistency he established corporate governance practices that meet today’s requirements." As announced some time ago, Rolf Dörig, who was newly elected to the Board of Directors at the Annual General Meeting of Shareholders in May 2008, will succeed Bruno Gehrig as Chairman of the Board.
The Swiss Life Group is one of Europe's leading providers of life insurance and pension solutions. In Switzerland, France and Germany, the Group offers individuals and corporations comprehensive advice and a broad range of products through its own sales force as well as brokers and banks. Swiss Life provides international corporations with employee benefits solutions from a single source, and is one of the global leaders in structured life and pension products for international high net worth individuals.
The AWD Group has been part of the Swiss Life Group since 2008. Hanover-based AWD is one of the leading European financial services providers in the medium- and high-income client segments and offers its clients independent financial advisory services in ten countries.
Swiss Life Holding Ltd, registered in Zurich, was founded in 1857 as Schweizerische Rentenanstalt. The shares of Swiss Life Holding Ltd are listed on the SIX Swiss Exchange (SLHN). The Swiss Life Group employs a staff of around 9000.
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