Swiss Air Transport Foundation appoints Board of Trustees

7/22/2005, 4:52 PM (Source: GlobeNewswire)
Corporate news announcement processed and transmitted by Hugin ASA. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- -------------- The SWISS Board of Directors has appointed the members of the Board of Trustees for the Swiss Air Transport Foundation. Bruno Gehrig will serve as chairman of the foundation. The four other trustees are Raymond Cron, Thomas Bieger, Claudio Generali and Conrad Meyer. The foundation's mandate is to support the development of air transport and its infrastructure in Switzerland. SWISS will establish the foundation under Swiss law in the coming weeks. The foundation is to exist for ten years.

The five members of the Swiss Air Transport Foundation (hitherto
known by its working title "Darbada Foundation") have been determined
by the SWISS Board of Directors after consultation with key
stakeholders. Raymond Cron will represent the Swiss Confederation and
Conrad Meyer will represent Canton Zurich. The SWISS Board of
Directors further named as trustees Bruno Gehrig, Thomas Bieger and
Claudio Generali. Bruno Gehrig will serve as the foundation's
chairman.

Pieter Bouw, Chairman of the SWISS Board of Directors commented: "I
am pleased that we have succeeded in appointing top-quality Swiss
personalities to the foundation's Board of Trustees. The foundation
will play an important advisory role in representing Switzerland's
interests during the integration of SWISS in the Lufthansa airline
group. Beyond this, it will also endeavour to ensure air transport
connectivity for Switzerland."

Board of Trustees:
Bruno Gehrig, Doctorate in Economics, is Chairman of the Board of
Directors of Swiss Life Group and deputy chairman of the Board of
Directors of Roche Holding. Following his academic career as a
Professor of Business Administration at the University of St. Gallen,
Gehrig, 59, was a member of the Governing Board of the Swiss National
Bank from 1996 to 2003. On the political front he served as chairman
of the economic policy study group for Switzerland's Christian
Democratic Party (CVP) from 1984 to 1991.
Thomas Bieger, Doctorate in Economics, is Professor and Director of
the Institute of Public Services and Tourism at the University of St.
Gallen. Bieger, 44, also holds a teaching post at the University of
Lugano and is a member of the Board of Directors of Jungfrau Holding
AG.
Raymond Cron is Director of the Federal Office for Civil Aviation
(BAZL). Cron, 46, holds a degree in civil engineering from the
Federal Institute of Technology (ETH). Before joining the Federal
Office for Civil Aviation in May 2004, he spent seven years with the
Batigroup in an executive function.
Claudio Generali, M.B.A, is currently deputy chairman of the SWISS
Board of Directors and was until recently chairman of the Board of
Directors of the Banca del Gottardo. Generali, 62, is deputy chairman
of the Board of Directors of the Swiss Broadcasting Corporation and
also holds directorships with Batigroup and Schindler Elettronica.
Conrad Meyer, Doctorate in Economics, Professor and Director of the
Institute for Accounting and Controlling at the University of Zurich
since 1991. Meyer, 55, also serves on various expert bodies and
corporate boards, among them that of the NZZ Group, of which he is
chairman.

An observer to be determined by Lufthansa will also take part in the
foundation's meetings.

Purpose of the foundation
The Swiss Air Transport Foundation will support the development of
air transport and its infrastructure in Switzerland, with an emphasis
on connectivity. The foundation will also support the integration of
SWISS into the Lufthansa airline group and in this way endeavour to
ensure that Switzerland's interests are given due consideration. To
this end the foundation will convene several yearly meetings with the
SWISS Board of Directors and the airline's Management Board at which
it will gather information on all topics relevant to SWISS. The
foundation's mandate permits it to express its views on general
issues relating to air transport in Switzerland.

The Swiss Air Transport Foundation is further mandated to make
non-binding, confidential recommendations to SWISS and Lufthansa
management on topics of strategic importance to SWISS.

SWISS Board of Directors
The process of integrating SWISS into the Lufthansa Group will
involve an extraordinary general meeting of shareholders that will
take place during the third quarter, at which the Board of Directors
is to be reduced from eight to five members. Two of the five members
will be determined by Lufthansa, the other three by the Almea
Foundation. Following Lufthansa's complete acquisition of SWISS, this
entitlement is to be reduced to two members. Following the completion
of the take-over by Lufthansa, the Swiss Air Transport Foundation
assumes the entitlement to nominate two Swiss members of the SWISS
Board of Directors. It retains this entitlement for three election
periods of three years each.

The Foundation is further entitled to nominate one member of the
Lufthansa Supervisory Board.


The media release can be downloaded from the following link:
View document
SWISS Corporate Communications
Phone: +41 (0) 848 773 773
Fax: +41 61 582 35 54
communications@swiss.com
swiss.com
--- End of Message ---
WKN: 868556; ISIN: CH0013269698; Index: Swiss All Share Index;
Listed: Main Market in SWX Swiss Exchange;
Copyright GlobeNewswire, Inc. 2016. All rights reserved.
You can register yourself on the website to receive press releases directly via e-mail to your own e-mail account.