Embattled UBS AG, based in Switzerland, has announced the departure of three financial experts from its board, and the election of three more.
Departing the board will be Ernesto Bertarelli, Gabrielle Kaufmann-Kohler, and Joerg Wolle. Nominated to take their places are Michel Demare, the current CFO of Swiss engineering firm ABB; Ann Godbehere, the former Swiss Reinsurance financial chief; and Axel Lehmann, chief risk officer of Swiss insurer Zurich Financial Services.
