Zurich – Katrina Machin has informed the Board of Directors of her decision not to stand for re-election to Cembra's Board of Directors at the forthcoming Annual General Meeting on 22 April 2021. Her decision is based on personal reasons that are not related to the Bank. Katrina Machin was appointed to the Board of Directors in 2016 and currently serves as a member of the Compensation and Nomination Committee.
Chairman Dr Felix Weber said: “On behalf of the Board of Directors, I wish to express my sincere gratitude to Katrina Machin for her long-standing commitment and her contribution to Cembra's success. We have greatly benefitted from her in-depth knowledge and broad expertise of the financial services industry and wish her all the best for her future.”