People: UBS AG (UBSN.VX)
Mr. Michel Demare has been Independent Vice Chairman of the Board of Directors at UBS AG since April 2010. He joined the Board of Directors of the Company as Member on April 15, 2009. In addition, he acts as Member of the Audit Committee as well as Member of Governance and Nominating Committee and Member of the Human Resources and Compensation Committee of the Company. He joined ABB as Member of the Executive Committee and Chief Financial Officer (CFO) in 2005 and added the role of President of Global Markets in November 2008. Between February and September 2008, he acted as interim Chief Executive Officer of ABB. Mr. Demare joined ABB from Baxter International, a global healthcare company, where he was CFO of Baxter Europe from 2002 to 2005. Prior to this role, he spent 18 years at the Dow Chemical Company. Mr. Demare began his career as an officer in the Multinational Banking division of Continental Illinois Bank of Chicago, based in Antwerp and Brussels. He graduated with a Master of Business Administration from the Katholieke Universiteit Leuven (Belgium) and a degree in Applied Economics from Universite Catholique de Louvain (Belgium). He is Member of the IMD Foundation Board in Lausanne.
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