The Board of Directors (BoD) is responsible for strategy and organizational development and exercises supervision and control over the management (GM). It determines business policy and strategy. It defines the business principles and is regularly informed about the course of business of the company. The Board of Directors is authorized to pass resolutions on all matters that are not reserved for the General Meeting of Shareholders or that fall under the remit of another body of the company by law, the Articles of Association or other regulations.

The members of the Board of Directors are elected by the General Meeting of Shareholders for a term of one year. The Board of Directors is self-constituting.

The Board of Directors as a whole assumes the non-transferable and inalienable duties as set out by law and Article 17 of the Articles of Association as well as their strategic, financial management.

The Financial Committee, which includes the areas of finance and accounting, reporting and investor relations, consists of three members of the Board of Directors. It is chaired by Markus Brütsch. Werner Fleischmann and Olivier Kobel are the other members of the Committee.

The Remuneration & Nomination Committee, which covers the areas of compensation of the members of the Board of Directors and the Executive Board; personnel policy and strategy, consists of three members of the Board of Directors. It is chaired by Markus Brütsch. Robert Hunink and Bernhard Pauli are the other members of the Committee.

The meetings of the Committees are held as often as necessary for the performance of their duties. Regular reports and proposals are submitted to the full Board of Directors.

Group Management

Fabian Leu

co-Chief Executive Officer (co-CEO)

Chief Technical Officer (CTO)

Markus Pfannkuch

co-Chief Executive Officer (co-CEO)

Chief Sustainability Officer (CSO)

Markus Brütsch

Chief Financial Officer (until 30 September 2023 (CFO))

Stéphane Glannaz

Chief Commercial Officer (CCO)

Compensation

As the basis for the compensation of the Board of Directors provide the framework for the compensation of the Board of Directors.

Compensation will be decided on the basis of recommendations and proposals of the Committee “Remuneration & Nomination Committee” (RNC) by the BoD.

Framework of the compensation of BoD (PDF, only Geman)

AR 2022 Compensation (PDF)

Articles of Assiociation and Bylaws

Details of the purpose, share capital, administration and the accounting standards of Precious Woods are set forth in the Articles of Association.

Details of Precious Woods’ internal organization, the duties and responsibilities assigned to each of the requisite managerial positions and the reporting structure are set forth in the Bylaws.

Articles of Assiociation (PDF)

Bylaws (PDF)