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22-04-08
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Press Release concerning the 2008 Annual General Meeting of Vontobel Holding AG
Vontobel Group dividend remains stable at CHF 2
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At the Annual General Meeting on 22 April 2008, the shareholders of Vontobel Holding AG approved the proposed dividend of CHF 2 per share. Dr Urs Widmer (Chairman), Bruno
Basler, Peter Quadri, Heinz Roth, Dr Pierin Vincenz and Heinrich Wegmann were re-elected as members of the Board of Directors.
At today's Annual General Meeting, the shareholders of Vontobel Holding AG approved the Annual Report, Annual Financial Statements and Group Financial Statements for 2007 and
granted discharge to the members of the Board of Directors and the Management.
The shareholders agreed to the proposed dividend of CHF 2 per share for the 2007 financial year. The dividend will be paid out on 25 April 2008.
Last year, the period in office of the members of the Board of Directors was set at one year in line with the latest requirements in terms of corporate governance. Accordingly, Dr
Urs Widmer (Chairman), Bruno Basler, Peter Quadri, Heinz Roth, Dr Pierin Vincenz and Heinrich Wegmann were re-elected for a one-year term.
In his Chairman's address, Dr Urs Widmer focused on the recent developments in the banking world. With regard to the financial crisis, the Chairman of the Board of Directors once
again clearly stated: "The Vontobel Group did not have and does not have any direct exposure to the US mortgage market. Our business model with its focus on sustainability has
proven effective, and our compensation model is also set up accordingly. A long-term incentive system for top management only is not sufficient in and of itself. All employees
must have an interest in good business performance over the long term and must see this reflected in their bonuses. At Vontobel, sustained success pays off at every
level."
In addition to the 2007 result, Vontobel Group CEO Herbert J. Scheidt concentrated in particular on the priorities in the current financial year: "We must keep a close watch on
the ongoing financial crisis, as we too feel the effects of the strong volatility on the financial markets. Our focus is therefore on strict cost management, while also retaining
the necessary freedom to take advantage of opportunities. At the same time, we will be continuing with our growth initiatives and strengthening our activities in Germany, Spain
and Eastern Europe in particular."
Contacts:
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Juerg Staehelin
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| Head of Corporate Communications |
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| +41 (0)58 283 72 24 |
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Contact
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Susanne Borer
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| Head of Investor Relations |
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| +41 (0)58 283 73 29 |
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Contact
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