Agosti still on collision course at Valora
Adriano Agosti still intends to join Valora’s board of directors along with two other candidates. In an interview with *Bilanz*, he hints that he may also want to replace CEO Peter Wüest: «The CEO position must also be called into question.» He says he is already in contact with potential external top executives.
The Valora management, which is under fire from shareholders, could see further changes in leadership if a majority of shareholders follow the brash course of Adriano Agosti's group. Since taking over a large block of shares in mid-October, the Group has already managed to get Chairman of the Board Fritz Ammann to resign at the end of November under increasing pressure. However, the Board of Directors apparently does not want any further personnel changes, as it announced on Monday that it would not support Agosti's election to the Board of Directors at the upcoming Annual General Meeting. According to an interview with Bilanz on Tuesday, however, Agosti is sticking to his goal of being elected to the BoD, along with the two candidates he has put forward, Rolando Benedick and Markus Fiechter. "My goal is to be on the Valora Board of Directors." He added that he and the two other candidates complemented each other in terms of their expertise and believed that the three candidates would receive broad support from shareholders. When asked about CEO Peter Wüest, Agosti said that the position of CEO should also be questioned. "The company has had operational problems for years, which has to do with the Board of Directors and top management, among other things." Contact has already been made with potential top managers. The new Board of Directors of the Bern-based kiosk group Valora will be appointed at the end of January.
