AGM 2025
Annual General Meeting approves dividend of CHF 22.– per Swisscom share
At today’s Annual General Meeting of Swisscom Ltd at Zurich’s Hallenstadion, the shareholders approved all of the Board of Directors’ proposals.
Swisscom Annual General Meeting at the Hallenstadion in Zurich
The 27th Annual General Meeting of Swisscom Ltd took place today at the Hallenstadion in Zurich. 1125 shareholders represented 74.13 percent of the voting shares. At the end of December 2024, the number of registered Swisscom shareholders stood at around 81,900.
Swisscom invests in the future of the entire Group in Italy
Michael Rechsteiner, Chairman of the Board of Directors, is satisfied with the 2024 financial year: “Swisscom is on track. We have taken important steps forward in terms of innovation with artificial intelligence and launched an AI platform for both our Swiss and Italian business customers. Added to this are our forward-looking products in the insurance and energy sector. At the same time, we have reached a milestone in optical fibre expansion in Switzerland and now cover more than half of households and businesses with FTTH. We’re going strong thanks, not least, to Fastweb, which is performing very well. We’re now further strengthening our position in Italy. The mobile network provider Vodafone Italia has been part of the Swisscom Group since the start of the year. Fastweb + Vodafone is the second-largest telecommunications provider in Italy. We believe that strengthening our Italian business is an important step for the successful future of Swisscom as a group.”
All of the Board of Directors’ proposals approved
Shareholders approved the management report, the consolidated financial statements and the annual financial statements as well as the report on non-financial matters 2024. In addition, they followed the Board of Directors’ proposal to set the ordinary dividend at CHF 22.– gross per share, as in the previous year. A net dividend of CHF 14.30 per share will be paid to shareholders on 1 April 2025, after deduction of the federal withholding tax of 35 per cent.
The Meeting discharged the members of the Board of Directors and the Group Executive Board for the financial year 2024. It also approved the Remuneration Report in an consultative vote.
Laura Cioli joins the Board of Directors
As previously communicated, a new member will be added to the Swisscom Board of Directors following the takeover of Vodafone Italia. Laura Cioli has been elected to the Board of Directors. Laura Cioli holds a master’s in business administration from SDA Bocconi School of Management in Milan and a degree in electronic engineering from the University of Bologna. After her time with the consulting firm Bain, she served on the Executive Committee of Vodafone Italia for several years. After that, Cioli was the CEO of various companies in Italy – most recently the SIRTI Group, the leading Italian company for the development and implementation of telecommunications networks and systems for the telecommunications, transport and energy sectors. Cioli’s portfolio is supplemented by a number of directorships, which also add to her expertise in the finance, industry and retail sectors.
The one-year term of office of all other members of the Board of Directors expired at the Annual General Meeting. All members of the Board of Directors, the Chairman and the members of the Compensation Committee were individually re-elected by the Annual General Meeting for one year.Federal Representative Fritz Zurbrügg was also confirmed by the Federal Council for a further year.
The Annual General Meeting also approved the total remuneration of the Board of Directors and the Group Executive Board for 2025 and 2026, and re-elected the independent proxy and the statutory auditor for one year.