Former Swiss Re AG COO Thomas Wellauer has been elected and confirmed as the new chairman of Swiss exchange operator SIX Group AG's board of directors, effective March 15, 2020.

Wellauer will replace Romeo Lacher, who will step down to join Julius Bär Gruppe AG, where he will hold a similar role.

SIX Group's board also elected Thomas Gottstein a full member, replacing Pierre-Olivier Bouée. Gottstein is CEO of Credit Suisse (Switzerland) Ltd. and a member of Credit Suisse Group AG's executive board.