Thursday, July 5, 2007

UBS replaces CEO Wuffli with deputy Rohner

(Reuters) - The sudden change, effective immediately, followed growing calls from UBS critics to bolster results, and perhaps break up the company by getting out of investment banking and focusing entirely on wealth and investment management.




Wuffli, 49, had become president of UBS's group executive board in 2001, and took over as CEO in 2003. Rohner, 42, joined the board in 2002, and became Wuffli's deputy in January 2006. Both are Swiss citizens.


Read more at Reuters.com Business News