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Pierin Vincenz is set to serve prison time after the Federal Supreme Court upheld an appeal by the Zurich Attorney General, rejecting the Zurich High Court's findings. Vincenz and another defendant face charges for misusing business credit cards and undermining their employers for personal gain. In April 2022, they were convicted of fraud and bribery, with Vincenz receiving a 45-month sentence.
Pierin Vincenz, the former CEO of Raiffeisen, has been sentenced to three years and nine months in prison by the Zurich District Court for fraud and breach of trust. The Federal Supreme Court has reinstated this ruling after the Zurich High Court previously overturned it, stating that the indictment was not overly detailed and that the defendant's rights were upheld. Vincenz and another defendant were found guilty of misusing business credit cards for personal expenses and engaging in detrimental business practices.
The Federal Supreme Court has mandated the continuation of appeal proceedings against former Raiffeisenbank CEO Pierin Vincenz, overturning a prior decision by the Zurich High Court. Vincenz, along with six others, faces charges related to misuse of business credit cards and fraudulent activities. In 2022, he was sentenced to 45 months in prison, a ruling that remains non-binding as the case returns to the High Court for further appeal.
Judgment has been reinstated for Pierin Vincenz and his co-defendants. Meanwhile, Emmi, the Lucerne-based milk processor, reports a successful financial year, driven by the rising popularity of protein drinks among fitness enthusiasts. The company plans to capitalize on the health trend in the upcoming year.
Pierin Vincenz, the former head of Raiffeisen, has been sentenced to three years and nine months in prison, while his accomplice Beat Stocker received a four-year sentence. The Federal Court has reinstated the Zurich District Court's judgment after a complex legal dispute, with most co-defendants also facing conditional fines. Appeals against the verdict are now possible.
Nicole Pauli, currently head of Amag Leasing, is a leading candidate for the CEO position at Raiffeisen Switzerland, which has been vacant since Heinz Huber's departure. She faces internal competition from Roger Reist, Head of Corporate Clients, and interim CEO Christian Poerschke, whose past ties to the previous leadership may hinder his candidacy.
Raiffeisen, Switzerland's second-largest banking group, is in search of a new CEO following Heinz Huber's unexpected resignation after nearly six years. The organization is leaning towards an internal candidate to lead the bank into a new era, seeking a strong leader to replace Huber.
Christian Poerschke, interim CEO of Raiffeisen Switzerland, is implementing a significant reduction in remote work, cutting home office days from four to two starting in June. This move, aimed at fostering team spirit, has sparked criticism as it appears to reflect management's lack of trust in employees, raising concerns about increased control over work. Poerschke's leadership follows the abrupt departure of former CEO Heinz Huber, and his past in Controlling is under scrutiny due to previous management issues.
The race to succeed Heinz Huber as CEO of Raiffeisen Switzerland is heating up, with Susanne Thellung from Schwyzer Kantonalbank and interim CEO Christian Poerschke as the main contenders. Thellung's application comes amid significant turmoil in her current bank's Operations and IT departments, raising questions about her suitability. Poerschke, who has been at the helm since Huber's departure, faces scrutiny over his past role in Controlling during a controversial period under former CEO Pierin Vincenz.
Jan Schoch faces legal challenges from his former managing director, who claims unpaid wages and overtime totaling tens of thousands of francs. The dispute, which has escalated to criminal proceedings, follows a contentious separation years ago, with Schoch asserting the claims are largely unfounded. As Schoch promotes his new hotel, "Huus Quell," the situation intensifies, with accusations of procedural fraud and document falsification being investigated.
Pierin Vincenz
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federal supreme court upholds prison sentence for pierin vincenz
09:56 27.02.2025
ex-raiffeisen ceo pierin vincenz sentenced to three years and nine months
09:55 27.02.2025
federal court reinstates appeal in vincenz fraud case against former ceo
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emmi reports strong growth driven by rising protein drink popularity
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federal court reinstates conviction of vincenz and co-defendants in switzerland
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Nicole Pauli emerges as potential CEO candidate for Raiffeisen Switzerland
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