May 21, 2025|
AI
|7 months agoSwatch Shareholders Block Activist Investor's Board Bid
Nearly 80% of Swatch Group shareholders vote against New York investor Steven Wood's board nomination, reinforcing current leadership amid calls for strategic changes.
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Generated IllustrationKey Takeaways
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- 79.2% of Swatch shareholders voted against Steven Wood's board nomination
- The Hayek family controls about 25% of company capital and 43% of voting rights
- Steven Wood holds a 0.5% stake in Swatch Group through GreenWood Investors
By The Numbers
79.2%
Votes against Wood's nomination
43%
Hayek family voting rights
0.5%
Steven Wood's stake in Swatch
They Said
"The group was acting in full compliance with all applicable national laws and regulations, and in line with the company's Articles of Association"