It said the measure was taken “by mutual agreement” and with immediate effect, according to a short statementExternal link published on Tuesday.
Schröder has held a consultancy mandate with the group since 2006.
He served the German government from 1998 to 2005 and is known to be a close friend of the Russian president, Vladimir Putin.
He is also chairman of the board of Russia’s state-controlled Nord Stream and Rosneft companies.
Schröder has been criticised for colluding with the Putin regime and therefore being complicit in Russia’s invasion of Ukraine last week.
Ringier, which is based in Zurich, says it is operating in Europe, Asia and Africa and its portfolio includes about 110 subsidiaries in the print, digital media, radio, ticketing, entertainment and e-commerce sectors.
The company describes itself as “a leader among European media companies” whose “core values are independence, freedom of expression and a pioneering spirit”.
Employees in Switzerland increasingly stressed at work
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The proportion of people in Switzerland who are stressed at work has increased by 5% over ten years, according to the Federal Statistical Office.
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F/A-18 fighter jets will practice take offs and landings on the A1 motorway between Payerne and Avenches in canton Vaud on June 5.
Swisscom finalises financing for Vodafone Italia takeover
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Telecoms group Swisscom has taken the next step in its takeover of Vodafone Italia and secured financing for the deal, the company said on Thursday.
Swiss Broadcasting Corp., Swisscom and Ringier to collaborate
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Marc Walder, CEO of Ringier, said the aim was “to offer a strong Swiss alternative to globally operating companies, develop innovative new forms of advertising and strengthen the Swiss advertising market to keep the value added in Switzerland”. “In the past year, Google and Facebook alone achieved a market share in the region of 50%…
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Swiss newspaper publishers warn of a drastic drop in the number print titles over the next few years if they don’t receive more state subsidies.
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