CEPD Proposes Major Board Renewal at DocMorris AGM

CEPD N.V., the largest shareholder of DocMorris AG, seeks a major overhaul of the Board of Directors at the upcoming Annual General Meeting. This initiative follows a 98% decline in DocMorris' share price over the past five years, attributed to failures in strategic execution under the current board's leadership.

The proposal includes replacing Chairman Walter Oberhänsli and introducing six new candidates, such as former Celesio CEO Dr. Fritz Oesterle, to drive accountability and tap into unrealized value. CEPD stresses the importance of this renewal to usher DocMorris back onto a successful path, enhancing shareholder trust and market performance.

Negotiations with the current chairman have stalled, prompting this unilateral move by CEPD. They emphasize the need for shareholders to participate actively in the AGM to ensure a broad representation in board elections.