Interroll announces the decision of Chief Executive Officer Paul Zumbühl to step down as CEO of Interroll Holding AG at the end of April 2021. Urs Tanner will also step down as Chairman of the Board of Directors at the end of his term of office. At the same time, the Board of Directors of Interroll Holding AG announces the intention to propose Zumbühl as the new Chairman of the Board of Directors at the General Meeting of Shareholders in 2021.
Board of Directors focuses on stable management and continuity
The change at the top of the Group Executive Board scheduled for 2021 follows a replacement plan that has been prudently planned and implemented since 2016, which was decisively shaped by Tanner and successfully and gradually implemented by the entire Board of Directors. The focus is on stable leadership, continuity and pronounced reliability. Urs Tanner announces that he will step down as Chairman of the Board of Directors as of May 2021, but will remain on the Board of Directors for another year (until May 2022) as Lead Independent Director.
The Board unanimously proposes Paul Zumbühl for the office of Chairman of the Board of Directors at the 2021 Annual General Meeting and announces that it will appoint him as Active Chairman if his election is confirmed. This function is intended to support the future CEO, whose nomination will be announced at a later date, in clearly defined strategic areas and projects and is limited to a period of two years. At the same time, Urs Tanner will stand for election as Lead Independent Director for the first year in order to ensure, together with the Board of Directors, effective control and supervision during the transition phase and strict compliance with recognized corporate governance guidelines. After two years, the function of Active Chairman will be returned to the regular Chairman’s Office in 2023.
“Interroll’s success over two decades is closely linked to the performance of Paul Zumbühl. We are therefore delighted that he is making his many years of unique expertise available during this handover phase, which is so important for the future of Interroll, and beyond,” says Urs Tanner, Chairman of the Board of Directors of Interroll Holding AG. “We are convinced that our proposal sets the right course for the achievement of long-term corporate goals in the interests of all stakeholders. Stable management and continuity are crucial to the future success of Interroll.“