SWITZERLAND. Travel retailer to food & beverage operator Avolta has secured strong shareholder approval across all proposals at its Ordinary General Meeting in Basel yesterday (6 May), including board re-elections and the group’s financial and non-financial reports for 2025.
Shareholders approved the company’s 2025 financial (read our report here) and non-financial reporting by wide margins, with the remuneration report also receiving strong support in a non-binding vote.
The appropriation of the financial result and dividend received strong shareholder support, while the discharge of the Board and management and an amendment to the capital range were also approved.
Chairman Juan Carlos Torres Carretero was re-elected with 94.16% support, while all members of the Board standing for re-election were also confirmed with strong shareholder backing. These include Alessandro Benetton, Bruno Chiomento, Jeanne Jackson, Heekyung Jo Min, Sami Kahale, Enrico Laghi, Luis Maroto Camino, Joaquín Moya-Angeler Cabrera, Ranjan Sen, Mary Steele Guilfoile and Eugenia M. Ulasewicz.
The Remuneration Committee was likewise renewed, with Enrico Laghi, Luis Maroto Camino, Joaquín Moya-Angeler Cabrera and Bruno Chiumento all elected or re-elected.
The meeting also saw shareholders approve the re-election of the auditors, as well as the compensation proposals for the Board of Directors and the Global Executive Committee, including maximum aggregate compensation for FY 2027. ✈
