Governance

Board of Directors

The Board of Directors is responsible for the overall management of the Migros Community. It formulates the strategy, is responsible for creating efficient management and organisational structures, and represents Migros to the outside world.

In 2024, the Board of Directors of the Federation of Migros Cooperatives held eight meetings. These lasted between seven and nine hours, except for one that was held virtually and lasted only one hour.

In addition to the statutory matters and the reporting on all strategic business units of Migros (including the subsidiaries), the focus was on transformation, particularly in relation to the core business and the portfolio adjustments. In connection with this, the Board of Directors attached great importance to ensuring socially responsible job cuts and supporting the employees. The FMC Board of Directors was reduced to 13 members as of 1 July 2024. The Board of Directors also appointed the Chief Transformation Officer (CTO) as an additional member of the Executive Board from 1 November 2024.

Composition & electoral procedure

Until the end of June 2024, the Board of Directors was composed of 23 members, ten external, independent members and 13 internal members. As of 1 July 2024, it had 13 members, consisting of six external, independent members and seven internal members. The external, independent members are the Chairwoman and the five members from the business, financial and IT sectors. The five representatives from the ten regional Cooperatives and the two employee representatives are internal or non-independent members. The CEO and the President of the G. and A. Duttweiler Foundation attend the meetings in an advisory capacity. At the end of 2024, four members were female, accounting for 30.8 %.

With the exception of the five representatives of the regional Cooperatives, who are appointed by the regional Cooperatives themselves, the members are elected by the FMC Assembly of Delegates. The term of office is two years; re-election is permitted provided that the maximum term of 12 years is not exceeded. Members retire on reaching the age of 70.

Working methods & powers

98 %

attendance rate at the meetings

Decisions made by the Board of Directors are passed by a simple majority of the members present – observing the usual rules for abstention. Detailed preparation and the preliminary work done by the committees mean that discussions of the full Board of Directors can be conducted effectively and efficiently. The members’ attendance rate was 98 % in the reporting year.

All members of the Board of Directors are obliged to inform the Chairwoman immediately if they become aware of any conflicts of interest, whether of a general nature or related to a matter discussed in connection with a corporate body. If a member is involved in such a conflict of interest, they must not take part in discussions or decision-making processes relating to the interests concerned.

The Board of Directors ensures that the disclosure and withdrawal obligations are fulfilled. It also ensures that the relevant facts are checked and documented annually. All members must have any new mandates (internal and external) approved by the Chairwoman before acceptance. The Chairwoman provides information about the mandates of the individual board members and, if necessary, discusses them with the full Board of Directors.

As part of a self-evaluation process, the Board of Directors and its committees review their working methods and performance annually. The findings of this evaluation are implemented on a continuous basis and discussions are held regularly on the implementation status. External consultancy services are used on specific issues.

The duties of the Board of Directors include in particular:

Formulation of the strategy and the business and ideal goals of Migros
Monitoring and coordination of the achievement of these goals
Creation of efficient management and organisational structures within Migros
Implementation of the resolutions of the FMC Assembly of Delegates
External representation of Migros
Appointment and supervision of the FMC Executive Board

The Board of Directors delegates operational management to the Executive Board, which is headed by the Chief Executive Officer. This also includes the overall management of the FMC’s subsidiaries and other interests, where the internal board members are appointed by the members of the Executive Board. External members of the Board of Directors, such as for Migros Bank, are appointed by the FMC Board of Directors if additional expertise is needed or if required by law.

The responsibilities and remits are set out in the organisational rules of the Board of Directors and in the directives of the committees.

Federation of Migros Cooperatives

Composition Board of Directors

The Board of Directors of the Federation of Migros Cooperatives currently comprises 13 members (as at 31.12.2024), who have been elected until 30 June 2026.

President

Ursula Nold (1969 CH)
Chairwoman of the Board of Directors since 2019, elected until 2026
Committees: Remuneration and Nominations (Chairwoman)
Executive MBA University of St. Gallen (HSG), International Directors Program INSEAD Fontainebleau (FR), Advanced Certificate in Corporate Governance, INSEAD Fontainebleau (FR)

Major mandates
Be-advanced AG, Bern (Chairwoman Board of Directors), Nold Immobilien AG, Köniz (Co-founder and Chairwoman Board of Directors); Pestalozzi Foundation, Zurich (Board of Trustees); Bühnen Bern Foundation (Board of Trustees)

Professional experience/career path

1989–1999
Teaching at various levels at Bern elementary schools

1996–1999
Head teacher

1999–2005
Head of Quality Management and Communication/Marketing at INFORAMA

2005–2021
Lecturer at Pädagogische Hochschule Bern, Executive Staff and System Development Department

2008–2019
President of the FMC Assembly of Delegates

2014–present
Various seats on management boards and supervisory boards

2019–present
Chairwoman of the FMC Board of Directors

External, independent members

Martin Künzi (1961 CH)
Member since 2020, elected until 2026
Committees: Finance (Chairman), Audit
Executive MBA University of Rochester-Bern
Self-employed, professional director

Major mandates
World Federation of the Sporting Goods Industry (Honorary Director); Ledeco Sàrl Genève (Board of Directors); The Athlete’s Foot (TAF Global Holding AG) (Board of Directors); ABUSIZZ AG (Chairman Board of Directors)

Professional experience/career path

1989–1992
Financial Controller at REHAU Group, Bern

1992–1999
Various roles at Simeco Group (Interdiscount, Microspot), Jegenstorf, most recently as CFO

1999–30.04.2022
CFO/Deputy CEO of IIC-INTERSPORT International Corporation, Bern

2022–present
Self-employed, professional director

Cédric Moret (1969 CH)
Member since 07.2024, elected until 2026
Committees: Remuneration and Nominations, Governance
MBA Harvard Business School

Major mandates
Digital (Switzerland) (Board of Directors); Vaudoise Assurances (Board of Directors)

Professional experience/career path

1992–1993
Head of the largest student organisation in Switzerland at AIESEC Switzerland, Bern

1993–2000
Brand manager at Procter & Gamble in various locations

2001–2014
Associate Director and member of the Executive Committee Switzerland at McKinsey & Company, Geneva

2017–2022
Member of the Board of Directors of ODDO BHF (Switzerland), Zurich

2015–present
General Manager and co-owner of ELCA Group, Lausanne

Cornelia Ritz Bossicard (1972 CH)
Member since 2020, elected until 2026
Committees: Audit, Governance (Chairwoman)
MSc Business Administration University of Lausanne, Certified Auditor, US CPA
Owner of 2bridge AG

Major mandates
ETH Board, Bern (member); Confiseur Läderach Holding AG and Läderach (Schweiz) AG, Ennenda (Board of Directors); Swiss-American Society (Board of Directors); Cäsar Ritz Foundation Niederwald (Chairwoman Board of Trustees); IVF HARTMANN AG and IVF HARTMANN Holding AG (Chairwoman Board of Directors); Foundation for Accounting and Reporting Recommendations, St. Gallen (Board of Trustees)

Professional experience/career path

1995–2014
Various roles as Audit Director at PricewaterhouseCoopers AG (PwC), Zurich, Silicon Valley and Lausanne

2014–2016
Self-employed management consultant

2014–2020
Member of the Board of Directors of Valora Holding AG, Muttenz

2015–2024
Member of the Board of Directors of Ferguson Finance Schweiz AG, Baar

2018–2024
Chairwoman of swissVR, Rotkreuz

2020–2024
Member of the Board of Directors of Mitreva AG, Zurich

2016–present
Founder and Managing Partner of 2bridge AG, Uster

Christoph Tonini (1969 CH + I, Vice Chairman since 07.2024)
Member since 2020, elected until 2026
Committees: Finance, Remuneration and Nominations
Executive MBA University of St. Gallen (HSG)
Self-employed, professional director

Major mandates
Right To Play Switzerland (Board of Trustees); SMG Swiss Marketplace Group AG, Zurich (Delegate); Gubemo AG, Zurich (Board of Directors); Lift AG, Regensdorf (Board of Directors)

Professional experience/career path

1998–2001
Head of Finance & Controlling at Ringier Europa, Zurich

2000–2003
Head of Ringier Romania and Hungary

2003–2012
Various roles at Tamedia, including Head of Media Switzerland and Head of Digital, Group CFO

2013–30.06.2020
CEO of Tamedia, and of the TX Group from 01.01.2020

01.07.2020–present
Self-employed, professional director

01.02.2023–present
CEO of SMG Swiss Marketplace Group

Hubert Weber (1962 DE)
Member since 2020, elected until 2026
Committees: Audit (Chairman Board of Directors)
MBA University of Hohenheim, Stuttgart (DE), self-employed, professional director

Major mandates
Food & Drink Europe Federation, Brussels (Chairman Board of Directors); Migros Supermarket Ltd (Board of Directors since 01.07.2024)

Professional experience/career path

1988–2000
Various roles at KRAFT Jacobs Suchard, Zurich and Bremen (DE), including Director European Sales

2000–2012
Various roles at KRAFT Foods Zurich, Madrid (ES) and London (GB), as President Coffee Global and Europe; Vice President, General Manager Iberia; Vice President and General Manager Tassimo Global; Senior Director Sales Kraft Foods International

2013–2019
Executive Vice President and Chairman of Mondelez Europe, Zurich

01.07.2020–present
Self-employed, professional director

Internal members

Jean-Marc Bovay (1966 CH)
Managing Director Migros Neuchâtel-Fribourg
Member since 2017, elected until 2026
Committees: Governance
Trained chef

Major mandates
Marin Centre SA (Chairman Board of Directors), Adele Duttweiler Prize Foundation (Chairman Board of Trustees); Fondation Pré Vert du Signal de Bougy (Board of Trustees); Strega SA (Chairman Board of Directors); Au Léopold SA (Chairman Board of Directors); Chambre neuchâteloise du commerce et de l’industrie (Board of Directors); Migros Logistique Romande SA (Chairman Board of Directors)

Professional experience/career path

1986–2000
Various roles at Migros Neuchâtel-Fribourg

2000–2002
Head of Catering Migros Neuchâtel-Fribourg

2003–2011
Head of Sales Migros Neuchâtel-Fribourg

2012–2017
Head of Expansion, Logistics and Catering Migros Neuchâtel-Fribourg

2017–present
Managing Director Migros Neuchâtel-Fribourg

Anton Chatelan (1963 CH, Vice Chairman since 2021)
Managing Director Migros Vaud
Member since 2019, elected until 2026
Swiss Federal Diploma in Accountancy

Major mandates
Miduca AG (Vice Chairman Board of Directors); Migros Logistique Romande SA (Vice Chairman Board of Directors), Migros Verteilbetrieb AG (Board of Directors); Migros Pension Fund (Board of Trustees); Fondation Pré Vert du Signal de Bougy (Chairman Board of Trustees); Adele Duttweiler Prize Foundation (Board of Trustees)

Professional experience/career path

1983–1988
Mandate management at Coopers & Lybrand Treuhand, Lausanne

1988–1989
Head of Accounting at Bujard Fils S.A., Lutry

1989–1993
Head of Accounting at Danzas Voyages SA, Geneva and Zurich

1993–1998
Head of Finance, Administration, IT, HR and Education at Optigal S.A., Lausanne

1999–2008
CFO and member of the Executive Board at REDACTS Switzerland and Italy (La Redoute, VertBaudet) VPC, Montreux

2008–2010
Head of HR & Security Migros Vaud (Executive Board)

2010–2015
Head of HR, Finance and Security Migros Vaud (member of the Executive Board)

2016–2018
Head of Marketing and Sales supermarkets/hypermarkets, specialist markets, Gastro Migros Vaud (member of the Executive Board)

2019–present
Managing Director Migros Vaud

Grégory Décaillet (1977 CH)
Managing Director Migros Geneva
Member since 2024, elected until 2026
Retail specialist
International Retail Management Certificate programme University of St. Gallen

Major mandates
Cooperative Réservesuisse (Board of Trustees), Bern; Pré-Vert Foundation (Signal de Bougy) (Vice Chairman Board of Trustees); Adele Duttweiler Prize Foundation (Board of Trustees); MLR SA (Director); CBSA SA (director); Migros Hong Kong & Migros India (Chairman of the Board)

Professional experience/career path

2010–2014
Head of Merchandising and member of the Hardgoods Management Board at Manor AG

2013–2017
Divisional Merchandising Manager and member of the Corporate Committee at Manor AG

2017–2018
Chief Merchandising Officer and member of the Executive Committee at Manor AG; Director of Herma Ltd.

2020–2023
Head of Food & Procurement Management FMC, member of the Directorate Migros supermarkets

01.2024–present
Managing Director Migros Geneva

Patrik Pörtig (1979 CH)
Managing Director Migros Zurich
Member since 07.2024, elected until 2026
Committees: Finance
Business Administration degree from HWZ, specialisation in Marketing

Major mandates
Movemi Ltd. (Chairman Board of Directors); Ospena Group (Chairman Board of Directors); “Im Grüene” Foundation (Board of Trustees); Migros Fachmarkt AG (Board of Directors); Adele Duttweiler Prize Foundation (Board of Trustees) (since 07.2024)

Professional experience/career path

2007–2010
Team Leader Marketing & Communications at Ochsner Sport, Dietikon

2010–2013
Head of Marketing & Communications and member of the division management at Ochsner Sport, Dietikon

2013–2015
Head of Sales and Deputy Head of Division at Ochsner Shoe, Dietikon

2015–2017
Head of Division at Ochsner Shoes and member of the Executive Board of Dosenbach-Ochsner AG, Dietikon

2017–06.2020
Managing Director of Dosenbach-Ochsner AG, Dietikon

07.2020–02.2024
CEO of Migros Fachmarkt AG, Zurich

07.2024–present
Managing Director Migros Zurich

Anita Weckherlin (1981 CH)
Managing Director Migros Basel
Member since 2022, elected until 2026
Committees: Governance
Master of Arts in Business Administration, University of Zurich

Major mandates
Migros Fachmarkt AG (Board of Directors); Park “Im Grünen” Foundation Münchenstein (Board of Trustees); Adele Duttweiler Prize Foundation (Board of Trustees); Denner AG (Board of Directors)

Professional experience/career path

2008–2017
Various roles at LIDL Schweiz AG, most recently as Head of Sales

2017–2019
Change Transformation Officer at Magazine zum Globus AG

2020–2021
Chief Sales Officer and member of the Executive Board at Magazine zum Globus AG

01.12.2021–present
Managing Director Migros Basel

Members who retired in 2024

Committees

The FMC Board of Directors works in liaison with a number of permanent committees. These consist predominantly – or exclusively – of external, independent members of the Board of Directors, who contribute their specific specialist knowledge.

The Remuneration and Nominations Committee is responsible for matters relating to staff remuneration and nomination. It reviews and submits to the Board of Directors the remuneration policy framework and the principles of the wage policy, and proposals for the remuneration of the Migros organs and the salary bands of Migros’ senior management. It determines the salary of the Chief Executive Officer, as well as the salaries of the Executive Board members based on the CEO’s recommendations. It also reviews the annual Remuneration Report, which forms an integral part of the Annual Report. The Chairwoman of the Board of Directors can also request the Committee’s input on other remuneration- and salary-related issues.

The Committee is responsible for succession planning and talent promotion within Migros. It also ensures that an appropriate Chair of the FMC Board of Directors and CEO are elected, taking into account the voting regulations, and submits nominations to the Board of Directors. In addition, it supports the Board of Directors in reviewing the proposal for members of the Executive Board, submitted by the CEO. The Committee also submits a proposal to the Board of Directors for external board members of Federation of Migros Cooperatives (FMC) subsidiaries that have permanent external boards of directors.

Where there is a conflict of interests, the members concerned do not participate. The Committee consists exclusively of external, independent members. In the case of impending nominations, two additional members may join the Committee. The Committee met five times in 2024.

Until 06.2024, its members comprised:

Ursula Nold (Chairwoman, external, independent)
Jean-René Germanier (external, independent)
Marianne Janik (external, independent)

Since 07.2024:

Ursula Nold (Chairwoman, external, independent)
Cédric Moret (external, independent)
Christoph Tonini (external, independent)

The Audit Committee supports the Board of Directors in the supervision and review of the accounting and financial reporting of the FMC and the Migros Group, the Board of Control and risk and compliance management within FMC and the Migros Group. In the area of non-financial reporting, it monitors compliance with statutory requirements. The duties and powers assigned to the Board of Directors in accordance with the law, the statutes and the rules of organisation remain the Board of Directors’ responsibility. The Audit Committee has no decision-making powers, except for those related to the audit plan and fee budget for the external and internal auditors.

In performing its duties, the Committee has unrestricted access to the management of all Group companies and to their business records and files. It operates in accordance with the rules of best practice, which are observed by large Swiss business enterprises. The Committee reports regularly to the Board of Directors on the results of its inspections and proposes appropriate measures when necessary. It consists exclusively of external, independent members. It met seven times in 2024.

Until 06.2024, its members comprised:

Hans A. Wüthrich (Chairman, external, independent)
Dominique Biedermann (external, independent)
Paola Ghillani (external, independent)
Cornelia Ritz Bossicard (external, independent)
Hubert Weber (external, independent)

Since 07.2024:

Hubert Weber (Chairman, external, independent)
Martin Künzi (external, independent)
Cornelia Ritz Bossicard (external, independent)

The Finance Committee ensures that the available financial resources are properly deployed, taking into account the agreed strategies, plans and requirements of the Migros Group. In particular, it reviews proposals for the acquisition and sale of businesses or business units, and large investments or divestments by the FMC and its subsidiaries (provided that these fall within the remit of the Board of Directors). It also makes recommendations to the Board of Directors.

The Finance Committee consists primarily of external, independent members. It met ten times in 2024.

Until 06.2024, its members comprised:

Martin Künzi (Chairman, external, independent)
Joerg Blunschi (internal)
Mario Caldelari (internal)
Christoph Tonini (external, independent)

Since 07.2024:

Martin Künzi (Chairman, external, independent)
Grégory Décaillet (internal)
Patrik Pörtig (internal)
Christoph Tonini (external, independent)

To protect the reputation of the Migros Group, the Governance Committee may, primarily as a last resort following the existing, Group-wide compliance processes and an internal audit, propose sanctions and other measures to the FMC Board of Directors. The Governance Committee is composed of two external, independent members of the FMC Board of Directors, one of whom is also a member of the Audit Committee, two internal members of the Board of Directors delegated by the respective regional Cooperative, and a member of the Board of Trustees of the G. and A. Duttweiler Foundation. It did not meet in 2024.

Until 06.2024, its members comprised:

Dominique Biedermann (Chairman, external, independent)
Marianne Janik (external, independent)
Peter Diethelm (internal)
Jean-Marc Bovay (internal)
Mario Caldelari (internal)
Foundation member (external, independent)

Since 07.2024:

Cornelia Ritz Bossicard (Chairwoman, external, independent)
Cédric Moret (external, independent)
Jean-Marc Bovay (internal)
Anita Weckherlin (internal)
Foundation member (external, independent)