Ariane de Rothschild appointed chairwoman of the Executive Committee of Edmond de Rothschild group

Governance - 1/14/2015

The Edmond de Rothschild Group, chaired by Benjamin de Rothschild, has entrusted the oversight of the Group to Ariane de Rothschild in a new position as Chairwoman of the Executive Committee.

Christophe de Backer will step down from his position as CEO on 31 January 2015.

Benjamin de Rothschild, Chairman of the Edmond de Rothschild Group, said:

“I would like to thank Christophe de Backer for his contribution to the transformation of the Edmond de Rothschild Group over the last three years, which involved taking difficult decisions, while allowing the Group to maintain strong results. The fulfilment of the assignment entrusted to Christophe de Backer has seen the realisation of significant progress. The completion of our Group’s transformation requires renewed momentum. In this context, I have asked my wife Ariane de Rothschild to oversee our Group as Chairwoman of the Executive Committee – which she has accepted. Working with me for many years as Vice-Chairman of the Group Holding’s Board of Directors, Ariane has increasingly become more actively involved with the Group’s teams to help them succeed. I am confident that she has all the personal and professional qualities to put in place the necessary changes to transform our Group into an even more modern, dynamic and successful business – continuing our family tradition.”

The Group’s Board of Directors unanimously supported the decision. As requested by Ariane de Rothschild, a Strategic Committee, drawn from the Board of Directors, has been created to support her.

In his role as Chairman of the Group’s Board of Directors, Benjamin de Rothschild stated in a letter to the Group’s employees: “I will remain close to you all and will support your efforts for the growth and development of the Group.”