The Board of Directors of Sunrise Communications Group AG today reported with deep sadness the passing of Dr. Dominik Koechlin, Chairman of the Board of Directors of Sunrise. He passed away unexpectedly after a rapid deterioration in his state of health on 12 July, 2015, in his 56th year of life.
"Dominik's death is a tragic loss for all of us. He was the first independent member to join the board when CVC made its investment in Sunrise in October 2010. He has been a constant source of wisdom, generosity and kindness throughout his time with us", said Vice-Chairman Lorne Somerville. "We offer his family our deepest and most sincere condolences. The Board of Directors, Executive Management and employees will always remember Dr. Dominik Koechlin in the most honourable way."
Dr. Dominik Koechlin (1959) served as independent board member in many other companies like Clariant, Avaloq and LGT. He was a member of the university council of the University of Basle. Dr. Koechlin received a doctorate in Law from the University of Berne and an MBA from INSEAD Fontainebleau.
The Board of Directors has appointed Lorne Somerville as new Chairman for the remaining term of office until the next ordinary general meeting of shareholders and current board member Peter Schöpfer as new Vice-Chairman. Current board member Jesper Ovesen joins the Nomination and Compensation Committee of the board.
About Sunrise
Sunrise Communications Group AG (Sunrise) is listed on the SIX Exchange in Zurich and is the leading fully-integrated challenger delivering a full range of services across all market segments. Sunrise is the leading non-incumbent operator in both the mobile (prepaid and postpaid) and landline retail voice markets, as well as the third-largest landline internet provider with IPTV, with approximately 3.3 million customer relationships as of December 31, 2014. Sunrise is committed to deliver a best-in-class convergent experience.
Sunrise benefits from a 10,800 km nationwide state-of-the-art fibre network backbone. Sunrise provides mobile services through its own network based on GSM/GPRS/EDGE, UMTS/HSPA and LTE/4G technologies. On the fixed side, Sunrise leverages more than 600 points of presence in its fully-invested LLU network, with coverage of approximately 85% of households in Switzerland. The company has full access to the most advanced next-generation fiber technologies, such as vectoring, FTTS, FTTB and FTTH thanks to its long-term agreement with the incumbent, SFN and local utilities.
For the financial year ended December 31, 2014, Sunrise generated total revenue of CHF 2,075 million and adjusted EBITDA of CHF 640 million. Sunrise is headquartered in Zurich and had a total of 1,980 employees (including 106 apprentices) allocated to divers business locations across the entire country as of December 31, 2014.
For more information regarding Sunrise, please visit: www.sunrise.ch