ZURICH & BASEL - UBS Group AG (NYSE:UBS) (SWX:UBSN) will propose Gail Kelly for election to its Board of Directors at the Annual General Meeting scheduled for April 24, 2024. Kelly, a veteran in the financial services industry with over three decades of experience, is slated to bring her extensive leadership skills to the Swiss multinational investment bank and financial services company.
During her career, Kelly has held significant roles, including Group CEO and Managing Director of St. George Bank and Westpac Banking (NYSE:WBK) Corporation in Australia. Her tenure at Westpac was marked by steering the bank through the Global Financial Crisis and overseeing the merger with St. George Bank in 2008. Post-executive career, Kelly has maintained a global presence, serving as a Senior Global Advisor to UBS Group's CEO and Executive Board from 2016 to 2023. An Australian citizen, she holds an Arts degree from the University of Cape Town and an MBA from the University of Witwatersrand.
UBS Chairman Colm Kelleher expressed enthusiasm about Kelly's nomination, highlighting her reputation as an effective bank CEO and her influence within the Asia Pacific financial sector. Kelleher anticipates Kelly's contribution to the Board, citing her recognized leadership and successful track record.
In tandem with Kelly's nomination, the Board also announced the departure of Dieter Wemmer, who will not seek re-election after eight years of service. Wemmer, who joined the Board in 2016, has been involved with various committees, including Risk, Governance and Nominating, Compensation, and Audit, contributing to UBS's strong governance framework. Kelleher thanked Wemmer for his dedication and significant contributions during his tenure.
The information for this article is based on a press release statement from UBS Group AG.
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