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Retailer Dufry proposes reduction in board size
11
Mar '13
Dufry AG announces that its Board will propose at the Annual General Meeting on April 30, 2013, to reduce its size from eleven to seven members.

Messrs. Mario Fontana, Maurizio Mauro and Steve Tadler, who have completed their term of office, are not available for re-election and Mr. Ernest George Bachrach will resign for personal reasons.

Messrs. Jorge Born, Andrés Holzer Neumann, José Lucas Ferreira de Melo and Joaquin Moya-Angeler Cabrera, whose term will be completed with the upcoming Annual General Meeting, will be proposed for re-election.

The Board will further propose that the maximum number of members of the Board of Directors pursuant to Article 13 para. 1 of the Articles of Incorporation be reduced to nine members.

Mr. Juan Carlos Torres Carretero, Chairman of the Board, said: "My departing colleagues have served Dufry with distinction. I offer them my sincere thanks for the contribution they have made to the company's development.

Dufry


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