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)