Audit Committee Chairman, Corporate Governance Committee

Swiss national. Member of the Board of Directors, Chairman of the Audit Committee, and member of the Corporate Governance Committee since October 2004. His term of office ends on the day of the 2010 General Meeting of Shareholders.

Jakob Baer (1944) obtained a doctorate in law from the University of Berne, Switzerland, and was subsequently admitted to the bar.

He was a member of the executive team of KPMG Switzerland from 1992 until 1994. From 1994 until 2004 he held the position of Chief Executive Officer of KPMG Switzerland, and was a member of KPMG's European and International Leadership Board.

Other appointments and commitments: non-executive board member of Swiss Re, Rieter Holding AG, Allreal Holding AG, Stäubli Holding AG, and two other smaller companies (all in Switzerland). Jakob Baer is Counsel at Niederer Kraft & Frey AG, attorneys at law, Zurich, Switzerland, since 2004.