Valartis Group AG / Stefan Holzer to leave Valartis Group . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement.
Due to differing views on the strategic development of Valartis Bank AG, Switzerland, Dr. Stefan Holzer steps down from his position as Deputy CEO of the Valartis Group and as CEO of Valartis Bank AG and will leave the Group and the Bank as of 11 May 2012.
During his 9 years as member of the board of directors of various Valartis group companies and as the CEO of the Swiss Bank since the beginning of 2011, Stefan Holzer has earned big merits in the development and expansion of the Bank and the Group. The Board of Directors regrets his decision and would like to take this opportunity to express its sincere thanks to him for these achievements.
Daniel Reptsis, CFO and Chief Risk Officer of Valartis Bank AG, will take over ad-interim the operative management of the Bank with immediate effect.
If you have any questions, please contact:
Gustav Stenbolt, CEO Valartis Group, or
George M. Isliker, Group CFO/CRO
Phone +41 43 336 81 11
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Valartis Group AG via Thomson Reuters ONE
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Valartis Group AG
Sihlstrasse 24 Zürich
