New chairmen appointed to the boards of Swiss Re and Credit Suisse

Swiss Re and Credit Suisse announced the appointment of new chairmen. Walter Kielholz is to become a new chairman of Swiss Re and Hans-Ulrich Doerig is expected to occupy the same position at Credit Suisse.

Walter Kielholz, new chairman of Swiss Re will replace Peter Forstmoser. Forstmoster will resign from the board on May 1. Kielholz has held a position of a chairman at Credit Suisse before.

Credit Suisse stated with its “very strong capital base, clear strategy, experienced Board of Directors, excellent management team” and a good start of 2009 it was a good time for changes. On the other hand, Swiss Re, with its comparatively weaker results, believed it had excellent prospects, the company said in its statement.