SoftwareOne elects new board of directors at AGM
Founding shareholders intervene to reshape SoftwareOne board after AGM overhaul
Solutions provider SoftwareOne has selected a new board of directors following its Annual General Meeting (AGM) in line with the proposals of the company's founding shareholders.
Despite proxy firms Ethos, Glass Lewis, Inrate and ISS all coming out earlier this month in support of the reseller's board, the company's shareholders voted for a new board to be appointed.
Over 200 shareholders and representatives attended the AGM, accounting for nearly 78 per cent of the voting share capital.
While the AGM approved statutory reports and financial statements for 2023, as well as a CHF0.36 per share dividend, shareholders voted against granting discharge to the outgoing board and executive team.
In a board reset, Daniel von Stockar was re-elected as chairman, while Andrea Sieber, René Gilli, Jörg Riboni and Till Spillmann were newly appointed as directors - each for a one-year term until the 2025 AGM.
Sieber and Gilli were also voted onto the nomination and compensation committee.
The overhaul follows an intervention by SoftwareOne's founding shareholders - von Stockar, Gilli and B. Curti Holding AG - who had called for changes at the board level.
Adam Warby, outgoing chairman of the board of directors of SoftwareOne, said: "I thank all my colleagues and management for the collaboration over the last year. SoftwareOne is well positioned to continue its profitable growth and, on behalf of the entire board, I wish management and the new board of directors every success into the future."
Von Stockar also thanked shareholders for their trust and vowed that the new board would "do our utmost to drive the company forward strategically and financially."
The AGM also re-appointed Anwaltskanzlei Keller AG as independent proxy and Ernst & Young AG as auditor for one-year terms.
Shareholders additionally approved maximum aggregate compensation for the new board until 2025 and for the executive team in 2025.