Zurich, Switzerland – Christopher M. Chambers has informed the Board of Directors of Cembra Money Bank AG that he will not stand for re-election to the Board of Directors at the next Annual General Meeting of Shareholders on 27 April 2016. Mr. Chambers was appointed as a member of the Board of Directors on 1 December 2010 and has served since September 2013 as the vice-president of the Board of Directors and from September 2013 until April 2015 as the chairman of the Nomination and Compensation Committee of Cembra Money Bank. Mr. Chambers has decided not to seek re-election due to the weight of his additional professional commitments.
The Chairman of Cembra Money Bank, Dr. Felix Weber, thanks Mr. Chambers for his valuable contribution as a member of the Board of Directors over the years: “Chris Chambers was instrumental in the IPO process and built a strong bridge from GE Money Bank to Cembra. With his excellent understanding of investor expectations and sound knowledge of financial markets, he has been a strong and valued member of the Board of Directors.”