Directors Exit Swiss Defense Firm Ruag MRO Following Fraud Investigation

Three board members decline re-election at Swiss defense company Ruag MRO amid fraud probe, with government granting only conditional discharge approval.

Key Takeaways

Three board members of Ruag MRO declined re-election following fraud investigation
The Swiss government granted only conditional discharge approval to departing board members
Elisabeth Bourqui will remain on the board and was excluded from government reservations
Jean-Marc Lenz, former CEO of SR Technic Group, is proposed as new board member

By The Numbers

Number of departing board members

They Said

"Monica Duca Widmer, Nicolas Gremaud and Sibylle Minder Hochreutener will leave office"
— Ruag MRO announcement

Board Exodus at Ruag MRO

Government's Conditional Approval

Board Restructuring and New Appointments

Impact on Swiss Defense Industry

Sources & References

Directors leave Swiss military firm after fraud probe

SWI swissinfo.ch

Key Takeaways

Three board members of Ruag MRO declined re-election following fraud investigation
The Swiss government granted only conditional discharge approval to departing board members
Elisabeth Bourqui will remain on the board and was excluded from government reservations
Jean-Marc Lenz, former CEO of SR Technic Group, is proposed as new board member

By The Numbers

Number of departing board members

They Said

"Monica Duca Widmer, Nicolas Gremaud and Sibylle Minder Hochreutener will leave office"
— Ruag MRO announcement

Key Takeaways

By The Numbers

They Said

Board Exodus at Ruag MRO

Government's Conditional Approval

Board Restructuring and New Appointments

Impact on Swiss Defense Industry

Sources & References

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