Turning Pennies into dollars: (OTC:FORSY) Fortis.
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Fortis holding announcement
(OTC:FORSY) Fortis NL
BRUSSEL, BELGIUM-Feb 1, 2009 -
Fortis holding announces that Mr Louis CHEUNG Chi Yan, member of the Fortis Board of Directors has resigned from the Board with immediate effect.
Mr Louis CHEUNG Chi Yan - Executive Director and Group President of Ping An - joined Fortis as a director in April 2008. Since then the Board has benefited greatly from Mr Cheung's experience in Fortis's growth markets. The Board wishes to thank Mr Cheung for his dedication and resilience in the extremely challenging circumstances in which the company had to operate during his board membership.
Furthermore, Mr Andrew Spencer Doman - who was nominated by Ping An as candidate for the Fortis Board of Directors - has withdrawn his candidacy.
Fortis holding consists of Fortis Insurance Belgium Fortis Insurance International, and financial assets and liabilities of various financing vehicles. The international insurance activities (Fortis Insurance International) are located in the UK, France, Hong Kong, Luxembourg , Germany, Turkey, Russia, Ukraine and in joint ventures in Luxembourg , Portugal, China, Malaysia, India and Thailand. Fortis holding is not involved in banking activities.
This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Copyright © Hugin AS 2009. All rights reserved.
Contact:
Press Contacts: Brussels: +32 2 228 82 92 Utrecht: +31 30 226 32 61 Investor Relations: Brussels: +32 2 565 53 78 Utrecht: +31 30 226 65 66 Source: FORTIS
Profile for Fortis NL
Fortis SA/NV, through its subsidiaries, provides banking and insurance services to personal, business, and institutional customers. It offers retail banking services, such as lending products and services to retail customers; and services and advice on banking, savings, investment, credit, and insurance to companies, institutional clients, and high net worth individuals, as well as integrated solutions to enterprises and the entrepreneurs. The company also provides asset and liability management solutions to high net worth individuals, and to their businesses and advisers; real estate finance solutions for professionals; and corporate and public banking services, insurance and savings produc... Detailed FORSY Company Description...
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