After strong pressure from the activist investor, Ulrich Spiesshofer has finally stepped down and will be replaced temporarily by Peter Voser, the Chairman of the Board. The search for a new CEO has started. The group’s new strategy presented in February remains unchanged. Regarding the Q1 19 results, they were globally in line with expectations, except for EBIT which came in higher than consensus thanks to lower charges.
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Looking for a new CEO
- Published:
17 Apr 2019 -
Author:
Luis Pereira -
Pages:
3
After strong pressure from the activist investor, Ulrich Spiesshofer has finally stepped down and will be replaced temporarily by Peter Voser, the Chairman of the Board. The search for a new CEO has started. The group’s new strategy presented in February remains unchanged. Regarding the Q1 19 results, they were globally in line with expectations, except for EBIT which came in higher than consensus thanks to lower charges.