Renata Jungo Brüngger's contract would have expired at the end of 2023. The Supervisory Board decides, in accordance with its rules of procedure and applicable law, on the reappointment of members of the Board of Management after the beginning of the last year of the respective term of office.
Last year, the Supervisory Board had already decided on more flexible guidelines for the appointment and reappointment of members of the Board of Management: For board members aged 58 or 59 at the beginning of the contract, the term of office should not exceed two years; from the age of 60 years onwards, it should not exceed one year. Multiple extensions of contracts are possible.
Following the new guidelines, Renata Jungo Brüngger's contract has now been extended by one year until December 31, 2024.