This excerpt taken from the CS 6-K filed Apr 27, 2009.
Statements by Walter B. Kielholz and Hans-Ulrich Doerig
Walter B. Kielholz, the outgoing Chairman of the Board of Directors, said: 2008 was an exceptionally difficult year for our entire industry. The steps we took to adapt Credit Suisse to the extremely adverse market environment and prepare it for the future have proved effective. Thanks to these important measures particularly the decisive reduction of risk levels and the preservation of our capital strength Credit Suisse is today in a very strong position. Our ability to rapidly and flexibly strengthen our capital base by accessing the public markets confirmed the merits of our business model and clearly distinguished Credit Suisse from its peers. We are committed to maintaining this competitive advantage going forward.
He added: Today I conducted my last Annual General Meeting as Chairman of the Board of Directors. I am very pleased that I will be succeeded as Chairman by Hans-Ulrich Doerig, who has been Vice-Chairman of the Board for six years. I would like to thank the Credit Suisse shareholders who re-elected me as a member of the Board of Directors and I look forward to continuing to serve Credit Suisse.
Hans-Ulrich Doerig, the new Chairman of the Board of Directors, said: I would also like to express my thanks to the shareholders who re-elected me as a member of the Board of Directors. I am honored to take over the role of Chairman at this very important time in the banks history. The first-quarter 2009 results have confirmed the strength of our capital-efficient business model and our differentiated strategy. We must now focus on continuing to successfully implement this strategy and on seizing new opportunities in the current challenging environment.
He added: I am very pleased that Andreas Koopman, Urs Rohner and John Tiner have been elected as members of the Board of Directors. With their extensive experience and expertise, they will be a valuable addition to the Board and will ideally complement the strengths of its existing members. I look forward to working closely with my colleagues on the Board of Directors, Brady Dougan and the entire management team.
All voting results and the speeches by Walter B. Kielholz, the outgoing Chairman of the Board of Directors, and Brady W. Dougan, CEO, are available in English and German at: www.credit-suisse.com/agm