During its meeting on 26 June 2024, the Federal Council, upon the recommendation of the SNB's Bank Council, appointed a new Member of the Governing Board. It also designated a new Chairman, Martin Schlegel, who holds a doctorate in economics and was appointed as Vice Chairman of the Governing Board by the Federal Council on 4 May 2022. He previously worked in various positions at the SNB, including as head of the SNB's branch office in Singapore. Martin Schlegel will take up his new role as successor to Thomas Jordan, who has been Chairman of the SNB Governing Board since 2012 and announced in March this year that he intended to step down at end-September 2024.

The Federal Council designated Antoine Martin as the new Vice Chairman of the Governing Board. He holds a doctorate in economics and the Federal Council appointed him as a new Member of the Governing Board with effect from 1 January 2024. Prior to that, he worked at the Federal Reserve Bank of New York.

Upon the recommendation of the SNB's Bank Council, the Federal Council appointed Petra Tschudin as a new Member of the three-person Governing Board. This post-doctoral economist has enjoyed a long career at the SNB, the Bank for International Settlements and in research. She has been an Alternate Member of the SNB Governing Board since 1 August 2022.

All of the Federal Council's appointments will take effect on 1 October 2024 for the remainder of the current term of office (1 July 2021 to 30 June 2027).

The Federal Council formally acknowledged the resignation of Thomas Jordan during its meeting. It thanked Thomas Jordan for his many years of dedication and service. He led the Swiss National Bank in various difficult situations, including most recently the COVID-19 pandemic and the Credit Suisse crisis. Under his leadership, the SNB made a significant contribution to preventing damage to the country, the economy and the population, and to ensuring monetary stability, thanks to his considered approach and expertise. The Federal Council would like to wish Thomas Jordan all the very best for the future.

Federal Council appoints Martin Schlegel as Chairman of SNB Governing Board