40 per bearer share at the General Meeting. This adds up to a total 
payout of about CHF 57 million. 
 
   Motion for the election of KPMG as auditor 
 
   To ensure good corporate governance, the office of auditor was 
re-tendered. The Board of Directors will propose to the General Meeting 
of April 1, 2021 the appointment of a new auditor. KPMG is to replace 
Deloitte, which has served as the auditor of Schweiter Technologies Ltd. 
for more than 20 years. The Board thanks Deloitte for its many years of 
close cooperation. 
 
   Changes on the Board of Directors and Management 
 
   As previously announced, Lukas Braunschweiler will unfortunately not 
stand for re-election to the Board of Directors at the General Meeting 
on April 1, 2021 after serving on the Board for ten years. The Board of 
Directors thanks Lukas Braunschweiler for his deep commitment and his 
invaluable contribution to the company's development. The Board of 
Directors will propose to the General Meeting the election to the Board 
of Dr. Daniel Bossard, CEO of the Bossard Group, and Stephan Widrig, CEO 
of Zurich Airport AG as independent directors. 
 
   Heinz Baumgartner, who has been CEO of the Schweiter Technologies Group 
for many years, will stand down from the post of CEO at his own request 
in spring 2022 but will remain a member of the Board of Directors. The 
search for a successor has begun, and the nominee will be announced in 
due course. 
 
   For further information please contact: 
 
   Martin Klöti, CFO 
 
   Tel. +41 41 757 77 00, Fax +41 41 757 70 01, 
https://www.globenewswire.com/Tracker?data=Qc1LG-5OBPb0yH3UwxHTYJcVEH3GN42E74rRIRPJ9oUsW5Nb8lGvrJOLVKiPG3RVyzIor5KioJHyUECuOod7fNw3O_8cPSmWkbTWQWa562VWKRmYUF3p0OkcMWey6Sk_ 
martin.kloeti@schweiter.com 
 
   Please find the Media release in the PDF attached: 
 
   Media release (PDF) 
https://www.globenewswire.com/Tracker?data=7RvyV7tJeWA79r2Cv7wfO9uzZqVbTlbDqmEQ4rJxjPJQVuRdLLNhiBbKd4JPgMoVrPhmWK5HO0jYvFb9vVgzL19dOq3pgH9QiOilU4Lffy6v6UKcSMQkJbGy16k6Yl5NiPZyYCA-7W07yr2oqwl78qeVC9AxPCVlZVwjuxjfseft1KhSpXIPEvHfh6IcOOUR

(END) Dow Jones Newswires

March 05, 2021 00:00 ET (05:00 GMT)