After six years, Alfred W. Moeckli, CEO of VP Bank, will relinquish all his functions as of the end of this months. Hie intends to devote himself to new assignments.
The Board of Directors of VP Bank Group and CEO Alfred W. Moeckli have decided to not continue their collaboration. Urs Monstein assumes the position of CEO on an interim basis, the firm announced on Tuesday.
Moeckli has presided over the Group Executive Management of VP Bank Group since 2013 and has developed VP Bank substantially as CEO in the last approximately six years. Especially in the time following the financial crisis, He has made a key contribution to leading the banking institute back onto a growth path.
Search Process Launched
The dissolution of the employment relationship between VP Bank and Moeckli takes place by mutual consent as part of an early age-related succession planning. Fredy Vogt, Chairman of the Board of Directors of VP Bank Group, said: «Alfred Moeckli has contributed significantly to a successful positioning of VP Bank in the changed environment of the financial services industry and has increased profitability. Additionally, in his time as CEO, the market capitalisation of our bank has approximately doubled».
Urs Monstein, who has been Chief Operating Officer (COO) of VP Bank since May 2018, will assume leadership of the Group Executive Management on an interim basis with immediate effect. The search process for a successor to the departing CEO has already been launched. Both internal and external candidates are being evaluated.
