Swatch Shareholders Block Activist Investor's Board Bid

Nearly 80% of Swatch Group shareholders vote against New York investor Steven Wood's board nomination, reinforcing current leadership amid calls for strategic changes.

Key Takeaways

AI

79.2% of Swatch shareholders voted against Steven Wood's board nomination
The Hayek family controls about 25% of company capital and 43% of voting rights
Steven Wood holds a 0.5% stake in Swatch Group through GreenWood Investors

By The Numbers

79.2%

Votes against Wood's nomination

43%

Hayek family voting rights

0.5%

Steven Wood's stake in Swatch

They Said

"The group was acting in full compliance with all applicable national laws and regulations, and in line with the company's Articles of Association"
— Swatch Group

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