Annual General Meeting of Zurich Financial Services
Zurich / London, May 17, 2001. - The first Annual General Meeting of the new Zurich Financial Services since unification of the dual holding structure has taken place today in the Hallenstadion in Zurich. The meeting was presided by Rolf Hüppi, Chairman of the Board of Directors, and shareholders in London were able to participate via satellite link. 2,495 shareholders attended, representing 9,378,574 voting shares. All proposals of the Board of Directors were approved by shareholders.
An unchanged gross dividend of CHF 17.15 per share will be paid. This constitutes a pay-out ratio of 37% of the Group's consolidated net income of CHF 3.9 billion.
Election to the Board of Directors
Armin Meyer, Chairman of the Board of Directors and CEO of Ciba Specialty Chemicals, was elected as a new member of the Board of Directors. The three year term of office of Philippe O. Pidoux was renewed. Rolf Hüppi paid tribute to those members of the board who were stepping down, Franz B. Humer and long serving directors Henry C.M. Bodmer and Clayton K. Yeutter, thanking them for their active commitment to the Boards of Zurich Financial Services and its predecessor companies.
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