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Extraordinary General Meeting of the Shareholders of RUAG MRO Holding Ltd

The General Meeting of Shareholders of RUAG MRO Holding Ltd has elected Jürg Rötheli as the new Chairman of the Board of Directors and Roland Leuenberger as a new member of the Board of Directors. Nicolas Perrin, who is resigning as Chairman of the Board of Directors, has been discharged from his duties.

At the extraordinary meeting of the General Meeting of Shareholders, the Board of Directors of MRO Holding AG elected Jürg Rötheli as Chairman of the Board of Directors and successor to Nicolas Perrin. In addition, the General Meeting of Shareholders appointed the successor to Heinz Liechti, who officially stepped down from the Board of Directors in May 2024, and elected Roland Leuenberger as a new member of the Board of Directors.

61-year-old Jürg Rötheli has been employed in various management positions since the 1990s. Among other roles, within the executive board of Swisscom AG he was responsible for a portfolio of ten affiliated companies, serving as Chairman of the Board of Directors. Between 2010 and 2016, he was Chairman of the Board of Directors and CEO of Clear Channel Schweiz and, from 2014, also served as a member of the Executive Committee of Clear Channel International and Vice President for Central Europe. Since 2010, he has been a member of the Board of Directors of Resiq AG. In 2017, he was appointed as Chairman of the Board of Directors of ORS and also served as CEO until 2024. He ceased employment with ORS as of the end of 2024.

Roland Leuenberger has been CEO of power company Repower for five years, having previously served on its Board of Directors. Having studied at the ETH Zürich and the University of Zürich (lic. oec. Publ.), he was employed in various management roles within the Finance Division at UBS AG. As an entrepreneur, he founded EVU Partners AG and Fontavis AG in 2010/11. Among other positions, he serves as Chairman of the Board of Directors of Repower Italia S.p.A., as Deputy Chairman of the Board of Directors of Grischelectra AG, and as a member of the Board of Directors of PFIFFNER International AG. As a militia officer with the rank of General Staff Colonel (now retired), he was Chief of Staff of Infantry Brigade 5 and Commander of Infantry Battalion 56. He will complement the Board of Directors with his military expertise and experience as an entrepreneur, board member, and CEO within the field of industry and the finance sector.

The General Meeting of Shareholders has thus laid the foundations for RUAG to strengthen the representation of the Corporate Services business area within the Executive Board. Bringing extensive experience in the area of compliance and a network established as a militia brigadier and Deputy Commander of Territorial Division 2, Oliver Müller will take over this business area as of January 1, 2025.

It was back in February 2024 that the previous Chairman of the Board of Directors, Nicolas Perrin, decided to hand over the baton to someone new. He had held the position ever since the unbundling and new formation of RUAG MRO Holding Ltd in 2020 and supported RUAG through this formation and transitional phase over the past five years. The General Meeting of Shareholders expressly thanked Nicolas Perrin for his excellent commitment towards RUAG and for his successful collaboration.

For further information on RUAG, please contact Kirsten Hammerich, Senior Media Relations Manager, kirsten.hammerich@ruag.ch / +41 79 770 81 18.