Zurich Insurance Group (Zurich) announced that the Board of Directors will propose to the next Annual General Meeting on April 4, 2013, the election of Monica Machler (56, Swiss citizen) to the Board of Directors. Zurich also announced that Armin Meyer, who has served the maximum tenure of office under the Groups internal guidelines, will not stand for re-election.
Josef Ackermann, Chairman of the Board of Directors of Zurich, commented: We are delighted to have secured the agreement of Monica Mchler. Her wide-ranging experience in regulatory matters, on a Swiss and international level, and the insurance sector would add highly relevant and valued expertise to our Board. He added: On behalf of the Board and all shareholders, I would like to thank Armin for his years of outstanding service and dedicated effort to our Group.
India Infoline Research Team / 08:59, Sep 02, 2014
The indices are expect to open on a positive note. Some profit booking could always set in later in the day.