Honegger steps down from UBS board

Honegger has decided to step down from the UBS board

Switzerland's largest bank, UBS, said on Tuesday that the former chairman of the Swissair Group, Eric Honegger, had resigned from the bank's supervisory board, which he joined in 1999.

This content was published on October 16, 2001 minutes

Honegger resigned as chairman of the now collapsed aviation conglomerate in March and left its board in April. At that time, it was still called the SAirGroup.

He had been a member of the airline company's board since 1993 and had been chairman since April 2000.

UBS and Credit Suisse have bought Swissair's 70 per cent stake in its regional subsidiary, Crossair, as part of a rescue plan to maintain a national carrier for Switzerland.

A spokeswoman for UBS said Honegger's departure was "a personal decision".

swissinfo with agencies

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