The Board of Directors of the Swiss Financial Market Supervisory Authority (FINMA) has extended Beat Fellmann’s term of office as a member of the Swiss Takeover Board by one year, until the end of 2026. Fellmann’s mandate was originally due to expire at the end of 2025. FINMA’s Board of Directors, which is responsible for the ultimate supervision of the Takeover Board and the election of its members, extended the term to allow time to identify a suitable successor. FINMA also set out the composition of the Takeover Board from 1 January 2026, with Prof. Mirjam Eggen as Chair and Prof. Jean-Luc Chenaux as Vice-Chair, alongside Prof. Isabelle Chabloz, Prof. Franca Contratto, Beat Fellmann, Mario Rossi, Dr Thomas Vettiger, and Hans-Peter Wyss.