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Romeo Lacher will step down as Chairman of Julius Baer, not standing for re-election at the Annual General Meeting on April 10, 2025. This change coincides with Stefan Bollinger's recent appointment as CEO, marking a new chapter for the wealth manager. A successor is expected to be announced soon, with the search for external candidates already underway.
Jos Dijsselhof is stepping down as CEO of the Swiss stock exchange operator Six Group, leaving behind a mixed legacy marked by unfulfilled strategic goals and significant financial write-downs, including CHF 860 million on Worldline shares. Despite expanding internationally, Six has struggled to integrate its acquisitions and achieve the necessary economies of scale, raising concerns among its banking shareholders, particularly UBS, which now holds a 34.5% stake. The Board of Directors must now navigate these challenges and ensure responsible growth moving forward.
SIX, the Swiss stock exchange operator, has appointed Bjørn Sibbern as CEO of the entire Group starting in 2025, succeeding Jos Dijsselhof, who is leaving for a new opportunity in the Middle East. Sibbern, who joined SIX in early 2024 from Nasdaq, has extensive experience in capital markets and has overseen significant IPOs during his tenure. Dijsselhof will remain until February 2025 to ensure a smooth transition, while Tomas Kindler will manage the exchanges on an interim basis until a successor is appointed.
Jos Dijsselhof has resigned as CEO of the Swiss stock exchange SIX after seven years, following significant losses in 2023. Bjørn Sibbern, who has extensive experience in capital markets, will take over the role in 2025. Under Dijsselhof, SIX underwent strategic repositioning, including the sale of its card business and the acquisition of the Spanish stock exchange BME, which contributed to the financial downturn.
Swiss stock exchange operator SIX has appointed Bjørn Sibbern as CEO, effective January 1, 2025, following the departure of Jos Dijsselhof after seven years. Sibbern, who has extensive experience in capital markets and previously led SIX’s international exchange business, will ensure a smooth transition until the end of February. Under Dijsselhof, SIX underwent significant strategic transformation, including the sale of its card business and the acquisition of the Spanish stock exchange BME.
Worldline SA is initiating a refinancing effort to address its financial challenges, which have negatively impacted earnings. The French payments processing company plans to issue a five-year bond with an initial yield of approximately 5.75% to raise essential funds for upcoming debt maturities.
Worldline reported Q3 2024 sales of €1,163 million, reflecting an organic decline of -1.1%. Following this, UBS has reiterated its Sell recommendation and reduced the target price to €5, indicating a potential downside of -18%. Despite revenue challenges, Worldline maintains its fiscal 2024 guidance, aiming for around 1% organic sales growth and adjusted EBITDA of approximately €1.1 billion.
Worldline reported Q3 2024 sales of €1,163 million, reflecting an organic decline of -1.1%. Following this, UBS reaffirmed its Sell recommendation and reduced the price target to €5, indicating a potential downside of -18%. Despite revenue challenges, Worldline maintains its fiscal 2024 guidance, aiming for around 1% organic sales growth and adjusted EBITDA of approximately €1.1 billion.
Worldline reported Q3 2024 sales of €1,163 million, reflecting an organic decline of 1.1%. UBS has confirmed its Sell recommendation and reduced the target price to €5, indicating a potential downside of 18%. Despite revenue challenges, Worldline maintains its fiscal 2024 guidance, aiming for around 1% organic sales growth and adjusted EBITDA of approximately €1.1 billion.
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romeo lacher steps down as chairman of julius baer in leadership change
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