Urs Rohner
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Urs Rohner | |
|---|---|
 | |
| Born | 1 December 1959 (age 66) Zürich, Switzerland |
| Education | University of Zurich |
| Occupation | Lawyer |
| Successor | António Horta-Osório |
| Board member of | Credit Suisse (2011-2021) |
| Spouse | Nadja Schildknecht |
Urs Rohner (born 1959) is a Swiss lawyer, businessman and banker. He is the former CEO of ProSiebenSat.1 Media and former chairman of Swiss bank Credit Suisse.[1] During his 10 year tenure the share price lost 75% of its value.[2][3]
Rohner was born 1959.[4] He competed as a hurdler in the 1982 European Athletics Championships.[5] He earned a master of laws from the University of Zurich in 1983.[4][5]
Career
Rohner began his career at the law firm Lenz & Staehelin in Zurich,[5] where he was a partner from 1992 to 1999.[6] He subsequently practised for Sullivan & Cromwell in New York City.[6]
Rohner served as the chief executive officer of ProSiebenSat.1 Media from 2000 to 2004.[5]
Credit Suisse, 2004–2021
Rohner became the chief lawyer at Credit Suisse in 2004.[5]
After moving to the company's board of directors, Rohner served as its vice chairman from 2009 to 2011.[6] Since 2011, he has served as its chairman.[4] In 2017, he was criticized by investors for his poor performance.[5] In 2020, shareholders voted to re-elect Rohner for a final term in office with 77.5% support; the 21.6% opposition he faced was the highest in his nearly a decade as chairman.[7] He retired in May 2021 from the Board of Credit Suisse - during his 10 year tenure, the stock price has fallen by over 70%.[8] In the last year of his tenure, Rohner appointed Lara Warner with no prior risk management experience to Chief Risk Officer of the bank in a push for diversity. Consequently, Credit Suisse's clients lost around $3bn due to the collapse of Greensill.[9] Furthermore, with the collapse of Archegos Capital Credit Suisse lost over $5.5bn exposing its weak risk management, which Rohner in the aftermath of the financial crisis promised to reform.[3]
For his work at Credit Suisse, Rohner received 43.5 million CHF ($47m) in pay.[10]
Other activities
Corporate boards
- Investcorp, Member of the International Advisory Board (since 2021)[11]
Non-profit organizations
Rohner served on the board of trustees of the Lucerne Festival,[6] and the Zürich Opera House, as well as the board of governance of the International Institute for Management Development.[6]
