Holcim’s Annual General Meeting concluded with shareholders approving all motions proposed by the Board of Directors with large majorities. In all, 1142 shareholders were in attendance for the 102nd ordinary AGM, representing 66.94% of the company’s share capital. The shareholders approved the payout from capital contribution reserves of CHF 1.30 per registered share. The annual report and the annual financial statements of the Group and of Holcim Ltd also received approval from shareholders.
The shareholders followed the Board of Director’s proposal announced earlier and elected Wolfgang Reitzle as Chairman of the Board of Directors with 98.64% of the votes. He takes over from Rolf Soiron who did not stand for re-election. The Board of Directors would like to thank Rolf Soiron for his many years of valuable service to the Group as well as all his efforts, which were instrumental to Holcim's success. Each member of the Board of Directors and the members of the Nomination & Compensation Committee proposed by the Board of Directors were re-elected individually by the shareholders for a term of office of one year. Erich Hunziker and Andreas von Planta did not stand for re-election. The Board of Directors thanks Erich Hunziker and Andreas von Planta for their many valuable contributions to the Group.
Jürg Oleas was newly elected to the Board of Directors. He is the CEO of GEA Group AG, a Dusseldorf-based mechanical engineering company.
The mandate of Ernst & Young Ltd as auditors was confirmed, and Dr Thomas Ris was elected as independent proxy.
Composition of the bodies until the next ordinary Annual General Meeting in 2015:
Board of Directors: Wolfgang Reitzle (Chairman), Beat Hess, Alexander Gut, Adrian Loader, Jürg Oleas, Thomas Schmidheiny, Hanne Birgitte Breinbjerg Sørensen, Dieter Spälti, Anne Wade.
Nomination & Compensation Committee: Adrian Loader, Wolfgang Reitzle, Thomas Schmidheiny, Hanne Birgitte Breinbjerg Sørensen.
Adapted from press release by Katherine Guenioui
Read the article online at: https://www.worldcement.com/europe-cis/30042014/shareholders_approve_reitzle_as_new_holcim_chairman_111/