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julius baer prepares for chairman succession. as chairman romeo lacher plans to step down at the 2025 agm, julius baer accelerates efforts to identify his successor, with an announcement expected by march. the leadership transition follows a period of decisive actions under lacher’s tenure. the chairman of the board of directors will not seek re-election, with succession planning already underway. in an unexpected announcement, julius baer revealed on monday that romeo lacher will not stand for re-election at the next annual general meeting (agm) on april 10, 2025. according to the press release, a successor will be proposed in march as part of the invitation to the agm. following the appointment of stefan bollinger as ceo, this transition offers an opportunity to advance julius baer’s strategic development at the board level under new leadership. «it is a good time for this change at the board level,» said romeo lacher. succession search nearing completion. the press release states that the search for a successor is already underway and nearing its conclusion. the proposal for the new chairman of the board is expected to be announced in march 2025, alongside the invitation to the agm and the nominations for board elections. richard m. campbell-breeden, vice chairman of the board of directors at julius baer, commented: «under his leadership, the board has acted decisively to address the impact of the credit losses incurred in 2023 and to appoint a new ceo. thanks to romeo lacher's efforts and commitment to ensuring a smooth and seamless succession process, we are well-positioned for the next phase of our strategic development.». lacher will also step down from the bank council of the swiss national bank (snb). currently serving as vice chairman, he will vacate his position following the annual general meeting on april 25, as announced by the snb on monday morning.
Julius Baer Prepares for Chairman Succession
As Chairman Romeo Lacher plans to step down at the 2025 AGM, Julius Baer accelerates efforts to identify his successor, with an announcement expected by March. The leadership transition follows a period of decisive actions under Lacher’s tenure.
The Chairman of the Board of Directors will not seek re-election, with succession planning already underway.
In an unexpected announcement, Julius Baer revealed on Monday that Romeo Lacher will not stand for re-election at the next Annual General Meeting (AGM) on April 10, 2025.
According to the press release, a successor will be proposed in March as part of the invitation to the AGM.
Following the appointment of Stefan Bollinger as CEO, this transition offers an opportunity to advance Julius Baer’s strategic development at the board level under new leadership. «It is a good time for this change at the board level,» said Romeo Lacher.
Succession Search Nearing Completion
The press release states that the search for a successor is already underway and nearing its conclusion. The proposal for the new Chairman of the Board is expected to be announced in March 2025, alongside the invitation to the AGM and the nominations for Board elections.
Richard M. Campbell-Breeden, Vice Chairman of the Board of Directors at Julius Baer, commented: «Under his leadership, the Board has acted decisively to address the impact of the credit losses incurred in 2023 and to appoint a new CEO. Thanks to Romeo Lacher's efforts and commitment to ensuring a smooth and seamless succession process, we are well-positioned for the next phase of our strategic development.»
Lacher will also step down from the Bank Council of the Swiss National Bank (SNB). Currently serving as Vice Chairman, he will vacate his position following the Annual General Meeting on April 25, as announced by the SNB on Monday morning.