The board of directors of Roche Holding AG is to propose to shareholders that the term of office of the members of its board of directors be reduced to two years from three years. And it has announced several other changes as a result of members reaching their end of term.
Walter Frey and Wolfgang Ruttenstorfer, who were members of the audit committee, are standing down. Bruno Gehrig, Pius Baschera, Lodewijk de Vink and Andreas Oeri will be proposed for a further period of office.
The board proposed three new members: Paul Bulcke, chief executive of Nestlé; Christoph Franz, pending chairman and chief executive of Deutsche Lufthansa AG and Peter Voser, chief executive of Royal Dutch Shell Plc.
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