Swiss Re in Zurich, CHSwiss Re in Zurich, CH
  • Geraldine Matchett nominated for Board membership
  • Board members’ extensive experience in insurance sector highlighted
  • Swiss Re plans to increase its dividend to USD 6.80 per share

Zurich, Switzerland — Swiss Reinsurance Company Ltd (Swiss Re) Wednesday proposed the election of a new Chair of the Board of Directors at the Annual General Meeting, scheduled for April 12th, 2024.

Swiss Re’s Board of Directors proposes the re-election of Jacques de Vaucleroy as a member of the Board of Directors and his election as the new Chairman of the Board of Directors for a one-year term.

Jacques de Vaucleroy has been chairing the Board in his role as Vice Chairman since Sergio P. Ermotti’s resignation on 30 April 2023. Jacques de Vaucleroy first joined Swiss Re’s Board of Directors in 2017 and has over 30 years’ experience in the insurance industry.

With over three decades in the insurance industry, he has been a vital part of Swiss Re’s Board. His election as Chairman follows his interim role after Ermotti’s departure. His long-standing experience in the sector is expected to provide stable leadership for Swiss Re’s future endeavors.

This move comes at a pivotal time for Swiss Re, as the insurance industry faces evolving challenges and opportunities. The proposed changes to the Board reflect Swiss Re’s commitment to strong governance and strategic foresight.

Swiss Re also proposed Geraldine Matchett for election as a new, non-executive and independent member of the Board for a one-year term.

Matchett, with an impressive tenure at DSM-Firmenich Ltd, brings a wealth of financial and sustainability expertise. Meanwhile, de Vaucleroy, a Swiss Re Board member since 2017, is set to take the helm as Chairman, succeeding Sergio P. Ermotti, who resigned last April.

Geraldine Matchett, a Swiss, British, and French national, has had an extensive career in the financial sector, most notably as the Co-CEO and CFO of DSM-Firmenich Ltd. Her previous roles include Global CFO at SGS Group, further cementing her financial acumen. Matchett’s educational background in sustainable development aligns with the increasing focus on sustainability in the insurance sector.

These move comes at a pivotal time for Swiss Re, as the insurance industry faces evolving challenges and opportunities. The proposed changes to the Board reflect Swiss Re’s commitment to strong governance and strategic foresight.

 

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Swiss Re’s Vice Chairman Jacques de Vaucleroy said:

“Swiss Re’s Vice Chairman Jacques de Vaucleroy said: “We are delighted to propose Geraldine Matchett for election to Swiss Re’s Board of Directors. With her extensive experience in leading roles at international companies, she will complement well the existing expertise of the Board.”

By Lisa Luckas

Lisa Luckas is a Sr. Business News Editor at Nobot.News.

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