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”.
University students in Switzerland join Gaza protest wave
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Pro-Palestinian activists occupied university buildings in Lausanne, Geneva and Zurich on Tuesday, widening the protest movement in the Alpine nation.
TradeXBank to resume full operations after Sberbank Switzerland taken off sanctions list
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TradeXBank, the former Swiss branch of Russia’s Sberbank, will be able to resume its dollar-denominated activities from the second half of this year.
Geneva decides not to remove controversial memorials
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The city of Geneva has presented an action plan regarding a series of controversial local statues and monuments of historical figures linked to racism, colonialism or slavery.
University of Lausanne calls for end to pro-Palestine sit-in
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The pro-Palestinian occupation continues at the University of Lausanne (UNIL). On Monday evening, a group of students refused to agree to the deadline set by the rectorate.
Ukraine peace conference should include Russia, says Chinese ambassador
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China supports a peace conference on the Ukraine war that would see equal participation of all parties, says Chinese Ambassador to Russia Zhang Hanhui.
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A majority of Swiss citizens have open attitudes towards various infertility treatments, including even egg donation, which is currently prohibited.
Reports of Swiss cyber fraud almost doubled in six months
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The head of the new Federal Office for Cybersecurity (FOC), Florian Schütz, has presented a new strategy after just over four months in office.
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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