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Successor to Nikolaus von Bomhard: re-election with poor results
Read all the details about the re-election of Munich Re-AR boss Nikolaus von Bomhard. Discover the background to the vote and the reaction of shareholders. Find out now!
Successor to Nikolaus von Bomhard: re-election with poor results
When he was re-elected as Munich Re supervisory board chairman, Nikolaus von Bomhard received a poor result, as he announced after the results were counted. 72.53 percent of the represented shareholders voted for his regular re-election. The shareholder advisor ISS had recommended voting against von Bomhard because he fundamentally rejects the election of former company managers as supervisory board chairman. Many British and American investors follow ISS's advice.
Nikolaus von Bomhard had previously retired as CEO in 2017 and completed the mandatory two-year cooling-off period before being elected to the supervisory board. Von Bomhard received a high approval rating of 99.71 percent for the discharge of the Supervisory Board members for the past year.
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