More changes to UBS board

Big bank UBS has announced the nomination of three financial experts to its board, Michel Demaré, Ann Godbehere and Axel Lehmann.

This content was published on March 16, 2009 - 10:23

They will stand for election at the bank's Annual General Meeting on April 15, and will replace Ernesto Bertarelli, Gabrielle Kaufmann-Kohler and Joerg Wolle.

Demaré is a member of the executive committee of the Swiss-Swedish concern ABB.

At the request of the British government, Ann Godbehere served as Chief Financial Officer of Northern Rock during the initial phase of the business' public ownership.

Axel Lehmann is group executive committee member of Zurich Financial Services.

The changes come just weeks after chairman Peter Kurer said he would step down at the meeting in favour of former Swiss government minister Kaspar Villiger and former Credit Suisse CEO Oswald Grübel replaced Marcel Rohner as chief executive.

UBS is struggling to rebuild its once powerful brand after massive investments into risky United States assets forced it to make more writedowns than any other European bank and accepted government backing.

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI certified by the Journalism Trust Initiative

Sort by

Change your password

Do you really want to delete your profile?

Your subscription could not be saved. Please try again.
Almost finished... We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.

Discover our weekly must-reads for free!

Sign up to get our top stories straight into your mailbox.

The SBC Privacy Policy provides additional information on how your data is processed.