GF’s Chief Financial Officer Roland Abt (59) has been proposed for nomination as member of the Board of Swisscom AG. He has therefore decided to step down at the end of 2016.
The nomination of Roland Abt at Swisscom will bring his total external mandates in Swiss listed companies to two, temporarily exceeding the amount allowed by the GF Articles of Association. In the remaining course of the year, he will help ensuring a proper transition with his successor who will be nominated in due time.
Roland Abt can look back on a very successful career at GF including as CFO of the corporation over the last 13 years. We congratulate him for this nomination, certainly a testimony of his excellent competence and reputation inside and outside of our company. Board and Executive Committee thank him very much for his outstanding contributions over the last 21 years at the service of our company and wish him much success in his new roles.
Source: Georg Fischer
The separation is expected to be completed by early Q3, following the receipt of all relevant approvals, including final Board approval. Nouryon intends to reduce its own debt with proceeds received from a planned external financing by Nobian.
Trinseo became a producer of the resin when it acquired Arkema’s PMMA business. It announced that it closed on the €1.14bn deal earlier this month.
As part of the EU’s Single-Use Plastic Directive (SUPD), it will become mandatory for caps and lids to remain attached to all beverage containers up to three liters in capacity from 2024.
