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The Lucerne Festival has lost its main sponsor, Sibylla and Christoph M. Müller, after 25 years of support, due to their protest against former Credit Suisse CEO Walter Kielholz remaining on the Board of Trustees. The couple withdrew their six-figure annual contribution, citing incompatibility with the festival's values. Despite this setback, the festival has secured new sponsorship from the Schwöbel family and the Jörg G. Bucherer Foundation.
The Lucerne Festival faces a sponsorship crisis as private sponsors Sibylla and Christoph M. Müller withdraw support over the presence of former Credit Suisse executives on the Board of Trustees. While Urs Rohner resigned, Walter Kielholz remains, prompting criticism from Müller, who emphasizes the importance of social accountability in cultural sponsorship. The Müllers plan to redirect their funding to other institutions, as the festival seeks new sponsors to replace them.
The Lucerne Festival faces a significant setback as main sponsors Christoph and Sibylla M. Müller withdraw their support over a dispute regarding former Credit Suisse executives Urs Rohner and Walter Kielholz. The couple, who have backed the festival for 25 years, demand a reevaluation of values in cultural sponsorship, citing concerns over reputation-washing. Despite Rohner's resignation, the Müllers remain firm in their decision, redirecting their funding to other institutions.
B. Braun Ambulantes Herzzentrum Kassel MVZ GmbH
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Lucerne Festival loses main sponsor amid Credit Suisse scandal
Credit Suisse High Yield Bond Fund, Inc.
B. Braun Ambulantes Herzzentrum Kassel MVZ GmbH
CHE
Urs Rohner
Walter Kielholz
11:10 17.02.2025
lucerne festival faces sponsor withdrawal amid controversy over former cs executives
Credit Suisse High Yield Bond Fund, Inc.
B. Braun Ambulantes Herzzentrum Kassel MVZ GmbH
CHE
Urs Rohner
Michael Haefliger
Walter Kielholz
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13:30 16.02.2025
dispute leads major sponsors to withdraw support from lucerne festival
B. Braun Ambulantes Herzzentrum Kassel MVZ GmbH
Swiss Re AG
DEUTSCHE LUFTHANSA
Swiss Life Holding AG
Credit Suisse High Yield Bond Fund, Inc.
Hoffmann-La Roche AG
CHE
Michael Haefliger
Markus Hongler
Urs Rohner
Walter Kielholz
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11:11 16.02.2025
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