The chief executives of Italian automaker Fiat and oil company Royal Dutch Shell (NYSE: RDS.A, RDS.B) will step down from the board of UBS AG next April, the Swiss bank said Tuesday.
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Sergio Marchionne and Peter Voser want to concentrate on their main jobs at the head of Fiat and Shell respectively, UBS said.
The bank said it will communicate at a later date who is to replace the two men on its board after the annual meeting on April 14, 2010.
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