At today's Annual General Meeting of Cicor Technologies Ltd. (SIX Swiss Exchange: CICN) in Zurich, shareholders approved all proposals put forward by the Board of Directors. The approval of the 2025 annual report, annual financial statements, consolidated financial statements, report on non-financial matters, and appropriation of available earnings underscores the company's transparent financial reporting and commitment to sustainability. This unanimous support reflects shareholder confidence in Cicor's strategic direction and management.
The meeting also granted discharge to the members of the Board of Directors and Group Management for the 2025 financial year, a routine yet significant vote of confidence. Additionally, shareholders approved the Board of Directors' total remuneration for the next term of office and the remuneration elements for Group Management for the following financial year. These approvals ensure continuity in leadership compensation structures, aligning executive incentives with long-term shareholder value.
In a key outcome, Daniel Frutig, Chairman of the Board of Directors, along with existing board members Norma Corio, Denise Koopmans, and Konstantin Ryzhkov, were re-elected. Frutig and Ryzhkov were also confirmed as members of the Remuneration Committee. The re-election of these directors maintains experienced oversight, which is crucial for Cicor's growth in the competitive electronics manufacturing services industry. The company serves leaders in medical, industrial, and aerospace & defence sectors, and stable governance is vital for navigating complex supply chains and technological shifts.
Furthermore, shareholders appointed Athemis Avocats Sarl as independent proxy and reappointed KPMG AG, Zurich, as statutory auditors for another year. These appointments ensure continued independent oversight and rigorous financial auditing. The Cicor Group, with approximately 4,500 employees across 14 countries, provides full-cycle electronic solutions. The approval of all proposals at the AGM sends a strong signal of operational and financial stability. For more details, please visit www.cicor.com and view the original release on www.newmediawire.com.
