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Confederation approves Swiss Post’s good annual results for 2014
At the second General Meeting of Swiss Post Ltd, the Confederation today approved the 2014 annual financial statements of the Group and a dividend of 200 million francs, and granted discharge to the members of the Board of Directors. The Confederation also confirmed the renewal of office of all the members of Swiss Post’s Board of Directors. Chairman of the Board Peter Hasler will remain in office for one more year.
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In its capacity as sole shareholder, the Confederation – represented by Véronique Gigon, Deputy Secretary General for the Department of the Environment, Transport, Energy and Communications (DETEC) – approved all the proposals made by the Board of Directors at Swiss Post’s General Meeting held in Berne. With operating income of 8,457 million francs and Group profit of 638 million francs, the financial statements as well as the Annual Report for the 2014 financial year were adopted. The dividend of 200 million francs to the Confederation was also approved by the General Meeting.
Peter Hasler was re-elected Chairman of the Board of Directors for one year. As he will be turning 70 on 25 April 2016, Mr Hasler will not be able to take part in the next General Meeting on 26 April 2016, in accordance with the terms of the Articles of Association. All the other members of the Board of Directors were re-elected for a two-year term of office until the next Ordinary General Meeting in 2017.
Challenge for Swiss Post
Peter Hasler thanked the owner on behalf of the Board of Directors and Executive Management for the excellent cooperation during the past year, as well as for the confidence the DETEC, the Federal Finance Administration (FFA) and the Federal Council as a whole have shown in Swiss Post. He referred to the significance of the regulatory framework required by Swiss Post and the entrepreneurial freedom based upon it. Even in an increasingly challenging business environment, Swiss Post achieved good results in 2014 once again and attained all of the strategic goals set by the Federal Council. However, Swiss Post faces major challenges, including the decline in letter volumes and the required overhaul of the post office network.
Even after Swiss Post has been converted into a company limited by shares subject to a special statutory regime in 2013, it is still wholly owned by the Confederation in its capacity as sole shareholder. The General Meeting is Swiss Post’s highest governing body, and it convened this year for the second time.