Anton Scherrer is the new Chairman of Swisscom

At the Swisscom Annual General Meeting on April 25, Anton Scherrer was elected Chairman of the Board of Directors to succeed Markus Rauh.

The Swisscom Annual General Meeting on April 25 elected Anton Scherrer to succeed Markus Rauh as Chairman of the Board of Directors. The former Vice-Chairman has also held other positions over the past four years, including Chairman of the Executive Board and Chairman of the Executive Retail Committee of the Migros Cooperative. Catherine Mühlemann and sHugo Gerber were newly elected to the Board. For the 2005 financial year, Swisscom paid out a dividend of CHF 16 per share, an increase of CHF 2, and reduced its share capital by 7.75 percent following the share buy-back. In his speech, outgoing Chairman of the Board of Directors Markus Rauh welcomed the complete or - if politically unfeasible - the partial sale of the federal government's stake. However, full privatization is the long-term goal in any case.

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