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
Sika AG (Baar, Switzerland) has opened a new plant in Santa Cruz de la Sierra, thus doubling its production capacity for mortar and concrete admixtures in Bolivia. With this new facility in one of the country’s main industrial agglomerations, Sika is positioning itself for continued growth in the dynamic Bolivian construction market.
Chevron Corporation (NYSE: CVX) and Renewable Energy Group, Inc. (NASDAQ: REGI) (REG) announced on Monday a definitive agreement under which Chevron will acquire the outstanding shares of REG in an all-cash transaction valued at $3.15 billion, or $61.50 per share.
Lotte Chemical Corp. will invest 10 trillion won ($8 billion) on hydrogen and battery materials through 2030 to achieve annual revenue of 50 trillion won and carbon neutrality. The Korean chemical producer on Thursday unveiled its new corporate vision outlining key corporate strategies with focus on growth through hydrogen energy and battery materials businesses.
