Tuesday , June 22 2021

The executive president of Raiffeisen, Patrik Gisel resigns with immediate effect

The executive president of Raiffeisen, Patrik Gisel resigns from all duties immediately. The Board of Directors and Gisel agreed that, as Raiffeisen Switzerland announced on Friday. This will give birth to the planned retirement by the end of the year.

This should conclude the public debate on the person of Gelsel and allow the Raiffeisen Group to concentrate on the future challenges, the statement said. Michael Auer, the vice president of the Executive Council, will therefore be guaranteed operational management until a new notice is submitted.

Earlier, the media had already speculated on Gisel's premature release. The relationship between the chairman of the Executive Board and a member of the retired Raiffeisen Board of Directors, as reported by the press, overflowed.

On Saturday (Saturday), Raiffeisen Cooperative Bank will make a new attempt at the Extraordinary Delegates Meeting in Brugg-Windisch to leave the shadow of its former chief, Pierin Vincenz. The most important element in the agenda is the election of a new Chairman of the Board of Directors.

Most observers expect Guy Lachappelle to be the head of the presidency of the board. Although his appointment led to some controversy.

The former CEO of Basler Kantonalbank is primarily responsible for his role in the fraudulent asset management asset, where ASE customers with BKB accounts have suffered millions of losses. However, the Financial Market Authority Finma had approved Lachappelle's candidature and the other candidates for the table. The amount of his future compensation was also a matter of discussion.

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