ARBONIA

Annual General Meeting of AFG Arbonia-Forster-Holding AG dominated by personnel and institutional changes

Three new members of Board of Directors – Introduction of age limit for members of Board of Directors – Lifting of 5% limit on voting rights – Confirmation of existing directors

Arbon, 19 April 2013 – The 2013 Annual General Meeting of AFG Arbonia-Forster-Holding AG agreed to all recommendations of the Board of Directors. The shareholders thereby approved the wide-ranging personnel and institutional changes to the company proposed by the Board.

In addition to confirming existing directors Edgar Oehler, Andreas Gühring and Christian Stambach for a further period of office, the AGM also endorsed the recommendation of the Board of Directors for the appointment of three additional new members: Peter E. Bodmer from Küsnacht, former member of the Implenia Group Executive Board, Rudolf Graf from Egliswil, former CEO of the Ammann Group, and Markus Oppliger from Wangs, partner at Ernst & Young. At its subsequent inaugural meeting the Board of Directors appointed Rudolf Graf as its Chairman.

The Board of Directors' proposals for a lifting of the 5% limit on voting rights and the introduction of an age limit for members of the Board of Directors were both accepted by the AGM. The shareholders thereby approved the personnel and institutional changes recommended by the Board of Directors and supported by Edgar Oehler in his capacity as majority shareholder. After the implementation of these major decisions for AFG, Edgar Oehler will leave the Board of Directors at the 2014 Annual General Meeting.

To great applause the Annual General Meeting bade farewell to former director Georg Früh and absent former Chairman of the Board of Directors Paul Witschi, thanking them for their contribution to the reorientation of AFG. It also said goodbye to Managing External Auditor Lorenz Lipp. 

Contact
Christian Stambach
Member of the Board of Directors
christian.stambach(at)bratschi-law.ch

Stefan Kern
Head Corporate Communications
stefan.kern(at)afg.ch