Myriad Group AG announced that Loek van den Boog won't stand for re-election at the Annual General Meeting on 29 May 2012. Loek van den Boog was elected to Myriad's Board of Directors in March 2009 and has been acting as its Chairman since September 2010. He decided to leave the Board in order to pursue other business interests that prevent him from remaining on the Board of Myriad Group.