Vontobel : Annual General Meeting 2025

About this update from Vontobel Holding Ag

Shareholders approved all proposals at the Annual General Meeting Stable dividend of CHF 3.00 per share approved All members of Board of Directors (BOD) proposed for re-election confirmed in office Zeno Staub elected as new member of the BOD In total, 89.43 percent of shares with voting rights were represented at today's ordinary Annual General Meeting of Shareholders (AGM) of Vontobel Holding AG (2024 AGM: 87.28 percent). Vontobel's shareholders approved all proposals submitted by the firm. The Chairman of the Board of Directors, Andreas E.F. Utermann, as well as all other members standing for re-election, namely Dr. Maja Baumann, Dr. Elisabeth Bourqui, Kristine Braden, David Cole, Annika Falkengren, Stefan Loacker, Mary Pang and Björn Wettergren, were confirmed by a large majority to serve another term in office. Shareholders further confirmed Annika Falkengren, who will take over as Chair of the Nomination and Compensation Committee (NCC) from retiring Board member Bruno Basler, Andreas E.F. Utermann and Björn Wettergren as members of the NCC. The NCC will be completed by Stefan Loacker. Dr. Zeno Staub, the former CEO of Vontobel, will join the Board of Directors as a newly elected member. The shareholders also approved the annual and consolidated financial statements for 2024, the report on non-financial matters (sustainability report) 2024 and granted discharge to the members of the Board of Directors and the Executive Committee for the financial year 2024. The compensations (or compensation elements) of the Board of Directors and the Executive Committee were also approved. Vontobel holds a consultative vote on the Compensation Report, which was approved by shareholders. The shareholders also re-elected the proposed independent proxy as well as the external auditors. The proposed dividend of CHF 3.00 per share was also approved. Vontobel offers a stable dividend, corresponding to a payout ratio of 64 percent. Based on the closing price of the Vontobel share of CHF 63.60 as of December 31, 2024, this represents an attractive dividend yield of 4.7 percent. "2024 was a meaningful year for Vontobel as we celebrated our 100th anniversary, a testament to our core values of ownership, foresight and tenacity. It was also a year of renewal, marked by significant initiatives such as simplifying our governance and inaugurating our Co-CEOs. The Board of Directors and the Executive Committee are committed to executing Vontobel's strategy, notwithstanding the significant challenges the world is facing. In doing so, we will ensure that the best interests of all our stakeholders are duly taken into consideration," says Andreas E.F. Utermann, Chairman of the Board of Directors. Further information regarding our Annual General Meeting of Shareholders will be published on our website by tomorrow.

View stock analysis, news, and events for Vontobel Holding Ag