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 2025, the Board of Directors of the Federation of Migros Cooperatives held seven meetings. These lasted between six and ten hours, except for one that was held virtually and lasted only half an hour.
In addition to the statutory business and the reporting on all strategic business units of Migros (including the subsidiaries), the focus during the anniversary year was on transformation – with a particular emphasis on strengthening the core business, targeted portfolio streamlining and the development of Vision 2035. The Board of Directors also appointed the new Head of the HRM & Quality Department within the Migros Group with effect from 1 November 2025.
Composition & electoral procedure
At the end of 2025, the Board of Directors was composed of 13 members, comprising 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 2025, 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
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 96 % 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 an ongoing basis and the implementation status is regularly discussed.
The Board of Director’s main duties include:
- 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.
Composition Board of Directors
The Board of Directors of the Federation of Migros Cooperatives currently comprises 13 members (as at 31.12.2025), who have been elected until 30 June 2026.
Chairwoman
Chairwoman of the Board of Directors since 2019,
elected until 2026
Committees: Remuneration and Nominations (Chairwoman), Evaluation Committee 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
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); 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
1999–04.2022
CFO/Deputy CEO of IIC-INTERSPORT International Corporation, Bern
2022–present
Self-employed, professional director
Member since 07.2024, elected until 2026 Committees: Remuneration and Nominations, Governance, Evaluation Committee MBA Harvard Business School General Manager and co-owner of ELCA Group
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
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); Audemars Piguet Holding S.A., Le Brassus (Board of Directors since 05.2025)
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
Vice Chairman since 07.2024
Member since 2020, elected until 2026 Committees: Finance, Remuneration and Nominations, Evaluation Committee
Executive MBA University of St. Gallen (HSG) Self-employed, professional director
CEO of SMG Swiss Marketplace Group
Major mandates
Right To Play Switzerland (Board of Trustees); Lift AG, Regensdorf (Board of Directors); Marquard Media Group, Zug (Chairman Board of Directors); Radio Zürisee AG, Rapperswil (Board of Directors); Properti, Zurich (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
2013–06.2020
CEO of Tamedia, and of the TX Group from 01.01.2020
07.2020–present
Self-employed, professional director
02.2023–present
CEO of SMG Swiss Marketplace Group
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); MSM AG (Board of Directors since 07.2024); Fazer Group, Helsinki (Board of Directors since 05.2025)
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
07.2020–present
Self-employed, professional director
Internal members
Head of Sales SM/VM Migros Vaud
Member (employee representative) since 07.2024, elected until 2026
HEIG-VD in Business Administration, CAS Leadership
Major mandates
Keine
Professional experience/career path
1998–2000
Project Management Assistant
at PubliGroupe AG
2000–2004
Marketing Assistant at Publicitas AG
2004–2010
Assistant Marketing Manager at Edipresse Publicitas AG
2010–2012
Head of Advertising Migros Vaud
2012–2025
Head of Marketing Migros Vaud
2025-present
Head of Sales SM/VM Migros Vaud
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 Marketing Romande SA (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
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 Verteilbetrieb AG (Vice Chairman Board of Directors); Migros Marketing Romand SA (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
Managing Director Migros Geneva
Member since 2024, elected until 2026 Committees: Finance
Retail specialist
International Retail Management Certificate programme University of St. Gallen
Major mandates
Pré-Vert (Signal de Bougy) (Vice Chairman Board of Trustees); Adele Duttweiler Prize Foundation (Board of Trustees); Migros Marketing Romand SA (Board of Directors); MLR SA (Director); CBSA SA (Director); Migros Hong Kong & Migros India (Chairman of the Board); Regional Economic Advisory Board, Geneva Chamber of Commerce (member)
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
2024–present
Managing Director Migros Geneva
System Architect Customer & Product FMC Member (employee representative) since 06.2023, elected until 2026
Information Technology, FHNW, Olten
Major mandates
None
Professional experience/career path
2004–2006
Purchasing planner and intern at Hero, Lenzburg
2006–2011
Developer at Internet Brands, Los Angeles, USA (remote)
2011–2021
Senior Developer, Technical Product Owner and Co-Lead at Liip, Zurich
2021–present
System Architect Customer & Product FMC
Managing Director Migros Zurich
Member since 07.2024, elected until 2026 Committees: Finance
Business Administration degree from HWZ, specialisation in Marketing
Major mandates
movemi (Chairman Board of Directors); Ospena Group (Chairman Board of Directors); “Im Grüene” Foundation (Board of Trustees); Adele Duttweiler Prize Foundation (Board of Trustees); Regional Economic Council of the Swiss National Bank (member)
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
Managing Director Migros Basel
Member since 2022, elected until 2026 Committees: Governance
Master of Arts in Business Administration, University of Zurich
Major mandates
“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
12.2021–present
Managing Director Migros Basel
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.
Remuneration and Nominations Committee
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 2025, with the following members:
- Ursula Nold (Chairwoman, external, independent)
- Cédric Moret (external, independent)
- Christoph Tonini (external, independent)
Audit Committee
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 2025, with the following members:
- Hubert Weber (Chairman, external, independent)
- Martin Künzi (external, independent)
- Cornelia Ritz Bossicard (external, independent)
Finance Committee
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. The Committee met eight times in 2025, with the following members:
- Martin Künzi (Chairman, external, independent)
- Grégory Décaillet (internal)
- Patrik Pörtig (internal)
- Christoph Tonini (external, independent)
Governance Committee
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 2025.
- Cornelia Ritz Bossicard (Chairwoman, external, independent)
- Cédric Moret (external, independent)
- Jean-Marc Bovay (internal)
- Anita Weckherlin (internal)
- Foundation member (external, independent)