It said the measure was taken “by mutual agreement” and with immediate effect, according to a short statementExternal link published on Tuesday.
Schröder has held a consultancy mandate with the group since 2006.
He served the German government from 1998 to 2005 and is known to be a close friend of the Russian president, Vladimir Putin.
He is also chairman of the board of Russia’s state-controlled Nord Stream and Rosneft companies.
Schröder has been criticised for colluding with the Putin regime and therefore being complicit in Russia’s invasion of Ukraine last week.
Ringier, which is based in Zurich, says it is operating in Europe, Asia and Africa and its portfolio includes about 110 subsidiaries in the print, digital media, radio, ticketing, entertainment and e-commerce sectors.
The company describes itself as “a leader among European media companies” whose “core values are independence, freedom of expression and a pioneering spirit”.
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Thirty rubble removal machines and thirty fire-fighting pumps: this is the equipment that Switzerland will be delivering to the Ukraine in the next few days. The total value of these goods is 5.6 million Swiss francs.
Swiss Broadcasting Corp., Swisscom and Ringier to collaborate
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Marc Walder, CEO of Ringier, said the aim was “to offer a strong Swiss alternative to globally operating companies, develop innovative new forms of advertising and strengthen the Swiss advertising market to keep the value added in Switzerland”. “In the past year, Google and Facebook alone achieved a market share in the region of 50%…
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Swiss newspaper publishers warn of a drastic drop in the number print titles over the next few years if they don’t receive more state subsidies.
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