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 News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.