Sensex 27957.5 148.15 (0.53%)22-May-15 16:00
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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 Group’s 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 Mächler. 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 / 14:59, May 20, 2015
GPIL reported 13.5% yoy decline in operating profit as the impact of higher volumes was offset by lower product prices