VZ Holding AG: Changes in VZ Group's Executive Board
June 28, 2023 at 12:33 am EDT
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VZ Holding AG / Key word(s): Personnel
VZ Holding AG: Changes in VZ Group's Executive Board
28-Jun-2023 / 06:30 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
Ad hoc announcement pursuant to Art. 53 LR Source: VZ Holding AG / SIX: VZN / ISIN: CH0528751586
Changes in VZ Group's Executive Board
Zug, 28 June 2023 – Tom Friess and Lorenz Heim have been part of VZ Group's Executive Board for more than 20 years. Friess heads the business in Germany, Heim the group's mortgage platform. At the end of September 2023, both will leave the Executive Board at their own request in order to cut back a little. They will continue to work for VZ Group in a changed function.
From 1 October 2023, the German business will be represented on the Executive Board by Group CEO Giulio Vitarelli, while Marc Weber, CEO of VZ Depository Bank, will assume the additional responsibility for the mortgage business. As a result, the Executive Board will be reduced from nine to seven members. The Board of Directors thanks Tom Friess and Lorenz Heim for their many years of outstanding commitment to the Executive Board and looks forward to cooperating with them in the future.
Contacts
Adriano Pavone
Petra Märk
Head Media Communications
Head Investor Relations
Phone +41 44 207 25 22
Phone +41 44 207 26 32
Mail adriano.pavone@vzch.com
Mail petra.maerk@vzch.com
VZ Group
VZ is an independent Swiss financial service company, and VZ Holding Ltd’s shares are listed on the SIX Swiss Exchange. Asset management, pension and estate planning for individuals as well as insurance and pension fund management for companies are VZ Group’s core services. VZ Holding is headquartered in Zug, and VZ has 40 branch offices in Switzerland, Germany and England.
Forward-looking statements
This press release contains forward-looking statements that involve known and unknown risks, uncertainties or other factors that may cause the actual results to be materially different from any future results, performance, or achievements expressed or implied by such statements. Against the background of these uncertainties, readers should not rely on such forward-looking statements. The company assumes no responsibility to update forward-looking statements or to adapt them to future events or developments.
Additional features:
File: Press release 28.06.2023 End of Inside Information
VZ Holding AG is a Switzerland-based holding company engaged in the provision of financial advisory services. It advises individuals and companies on various aspects of investment, mortgage, tax, insurance, retirement and estate planning. The Company operates two business segments: private client segment and corporate client segment. The private client segment focuses on financial consulting and wealth management services, as well as banking services, aimed at wealthy private individuals aged 50 or over. The corporate client segment focuses on the consultancy activities relating to benefit planning, insurance and risk management, as well as cooperates within a framework of an insurance management mandate. The key service in this segment is the administration of pension fund solutions, as well as managing pension funds. The Company operates through wholly owned subsidiaries in Switzerland and Germany, as well as through a minority owned subsidiary Frueh & Partner Vermoegensverwalt AG.
VZ HOLDING AG 
