Cantonal Swiss Bank To Reshuffle Board Next Year

Austin Freitas

9 December 2013

Swiss-headquartered has announced that its board of directors will propose Claudia Gietz Viehweger and Hans Wey for election when it holds its annual meeting on 30 April next year.

Because of statutory term limits, Claudia Zogg-Wetter will leave the board, the company said in a statement.

In 1998, Gietz Viehweger joined the family business, Gietz, as a representative of the fifth generation. Since 2001, she has been member of the management board and chairwoman of the board of directors.

From 1998 to 2008, Wey headed the sector of the audit of financial services for PwC in Switzerland. From 2008 until his retirement on 30 June 2012, he was chairman of the board of directors of PwC after working with the firm for about 35 years. Because of his deciding function at PwC, which has been mandated as an external auditor of SGKB since 1995, Wey may – according to the Swiss law – take no mandate for SGKB for two years. For this reason, he is proposed for election to the AGM by appointment as of 1 July 2014, the bank added.