Roche Nominates New Chairman

Roche has nominated Christoph Franz, currently CEO of the Lufthansa Group, to succeed current Roche chairman Franz B. Humer in that role. Roche's board of directors will take up the election of Franz at the company's next annual shareholders meeting on March 4, 2014. Humer announced in March 2013 that he would not be seeking re-election as Roche chairman. Franz will not renew his contract as CEO of the Lufthansa Group, which expires on May 31, 2014, in consideration of Roche's top job.

Source: Roche