NZZ: Supervisory Board discusses situation around Konrad Hummler
The delicate situation involving Konrad Hummler, chairman of the board of directors of the NZZ Media Group, is set to be discussed by the supervisory board. Hummler, as a partner at the private bank Wegelin, is embroiled in the U.S. tax dispute.
According to the Sonntagszeitung, NZZ board member Franz Steinegger is asking Hummler to raise the matter. Due to the latest news, a briefing by Mr. Hummler on the matter would be of interest to the NZZ board of directors, the former FDP president said. So far, possible problems of Bank Wegelin with US authorities have not been an issue in the board of directors.
In response to a question from the Sonntagszeitung, Hummler himself said: "It is up to the NZZ Board of Directors to decide under what circumstances I will become an unacceptable burden as Chairman of the Board of the NZZ Media Group. This assessment is the subject of an evaluation of the situation in the context of the disputes between the Swiss financial center and the USA.
