Galenica Ltd. in its annual general meeting held on 19 May 2020 announced that Pascale Bruderer elected as a new member of the Board of Directors of the Galenica Group. Pascale Bruderer was a member of the National Council from 2002 to 2011 ­ as President of the National Council in 2009/2010 ­ and a member of the Council of States from 2011 for the Social Democratic Party of Switzerland (SP) before withdrawing from politics in December 2019. Through her longstanding membership of the Social Security and Health Committee, she focused her political priorities, among others, on healthcare policy, which will bring important complementary knowledge in this area to the Board of Directors. Fritz Hirsbrunner steps down after more than 40 years with Galenica After more than 40 years of commitment to Galenica, Fritz Hirsbrunner decided not to stand for election. The Board of Directors would like to thank Fritz Hirsbrunner for his valuable contribution and many years of service. During his 40 years with Galenica, he played a decisive role in the successful development of the Group. Dr. Markus R. Neuhaus and Pascale Bruderer were newly elected to the Remuneration Committee for a term of office lasting one year, with Andreas Walde appointed Chairman by the Board of Directors.

The company approved the dividend of CHF 1.80 per share proposed by the Board of Directors (previous year: CHF 1.70). Due to the tax reform (TRAF), only half (CHF 0.90) will be paid out from the capital contribution reserve, and the other half from retained earnings. As planned, this corresponds to a total expected distribution of CHF 88.8 million. Dividends will be paid to shareholders on 26 May 2020.