Generally, the subsidiaries are wholly owned by the Federation of Migros Cooperatives. They are managed directly by the heads of the respective departments, who are also responsible for appointing the board members. The chair of the subsidiaries is usually a member of the Executive Board, which is responsible for the strategic orientation within the Migros Community.
The boards of directors are usually composed of internal members. External members are appointed if additional expertise is needed or if required by law. The FMC Board of Directors decides on external appointments, based on the recommendations of the Executive Board and the Remuneration and Nominations Committee. The following all have external members: Aproz Sources Minérales SA, Denner AG, Digitec Galaxus AG, Ferrovia Monte Generoso SA, Hotelplan Management AG, Medbase AG, Migros Bank AG and Mitreva AG.
Subsidiaries and direct participatory interests (operational), in alphabetical order by strategic business unit – as at 31.12.2020
Foundations & Pension Fund
As at 31.12.2019