Hugo Bütler is retiring on March 31, 2007 after four decades of intensive work for the editorial team and the NZZ Group. He was previously Head of Journalism and Chairman of Group Management for the Neue Zürcher Zeitung. Bütler joined the NZZ's domestic editorial team in 1968 and took over as Editor-in-Chief of the NZZ and Chairman of the Executive Board at the beginning of 1985. When the holding company was founded in 1999, Bütler took over the Group Management. A year ago, Bütler handed over the editorship of the NZZ and the chairmanship of the NZZ management to younger hands; since then he has contributed to the success of the generational change in the management bodies and to the strategic realignment of the NZZ Group.at its most recent meeting, the Board of Directors of the Neue Zürcher Zeitung adapted the management structures of the NZZ Group to the new overall corporate strategy. The Group Executive Board, which previously consisted of three people (Hugo Bütler, Beat Lauber, Alfred Hümmerich), will now be made up of the members of the NZZ Executive Board (Markus Spillmann, Daniel Hofer, Alfred Hümmerich) and the management of Freie Presse Holding, FPH, which is responsible for the regional media holdings (Beat Lauber, Alfred Hümmerich). In future, it will comprise four people.
The Group Executive Board stands between NZZ and FPH in Group-relevant transactions and reports to the Board of Directors of the holding company. The Board of Directors remains unchanged with eight members under the chairmanship of Professor Conrad Meyer, but in future will also include the Board members of the two subsidiaries NZZ and FPH.
Alfred Hümmerich, Chief Financial Officer of the Group, will become the new Chairman of the Group Management Board. Markus Spillmann, Head of Journalism and NZZ Editor-in-Chief, will remain Chairman of the Executive Board of NZZ; FPH Managing Director Beat Lauber will continue to serve as Chairman of Freie Presse Holding.
With this adjustment, the Board of Directors intends to grant the two business divisions NZZ and FPH the greatest possible operational independence in their strategic development, while at the same time making the best possible use of the synergy potential within the Group.