New UBS (AMUB) board nominees Carstens and Maestri as Dudley exits

Rhea-AI Filing Summary

UBS Group AG and UBS AG are reshaping their Board of Directors ahead of the 2026 Annual General Meetings. The boards have nominated Agustín Carstens, former General Manager of the Bank for International Settlements and ex-Governor of the Bank of Mexico, and Luca Maestri, a long-serving senior Apple finance executive, for election at the AGM on 15 April 2026.

William C. Dudley and Jeanette Wong will not stand for re-election, and Vice Chairman Lukas Gähwiler will retire after a 45-year career in banking. As previously announced, former UBS Group Executive Board member Markus Ronner has been nominated for election to the Board and as Vice Chairman.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_________________

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

Date: February 27, 2026

UBS Group AG

(Registrant's Name)

Bahnhofstrasse 45, 8001 Zurich, Switzerland

(Address of principal executive office)

Commission File Number: 1-36764

UBS AG

(Registrant's Name)

Bahnhofstrasse 45, 8001 Zurich, Switzerland

Aeschenvorstadt 1, 4051 Basel, Switzerland

(Address of principal executive offices)

Commission File Number: 1-15060

Indicate by check mark whether the registrants file or will file annual reports under cover of Form

20-F or Form 40-

F.

Form 20-F

☒

Form 40-F

☐

This Form 6-K consists of the news releases which appear immediately following this page.

Investor Relations

Tel. +41-44-234 41 00

Media Relations

Tel. +41-44-234 85 00

UBS Group AG and UBS AG, News Release, 27 February 2026 Page 1

27 February 2026

Ad hoc announcement pursuant to article 53 of the SIX Exchange Regulation Listing Rules

News release

Changes to the UBS Board of Directors

Agustín Carstens and Luca Maestri nominated for election to the Board of Directors of UBS Group

AG and UBS AG at the 2026 Annual General Meetings in April

●

William C. Dudley and Jeanette Wong will not stand for re-election

●

As previously announced, Vice Chairman Lukas Gähwiler will be stepping down from the

Board and Markus Ronner was nominated for election to the Board

Zurich/Basel, 27 February 2026 – The Board of Directors of UBS Group AG announces today the nomination

of Agustín Carstens and Luca Maestri for election to the Board at the Annual General Meeting (AGM) on 15

April 2026. William C. Dudley and Jeanette Wong have decided not to stand for re-election.

Agustín Carstens (born 1958) served as General Manager of the Bank of International Settlements (BIS) from

2017 to June 2025. Prior to that, he was Governor of the Bank of Mexico from 2010 to 2017. During his time

as Governor, he was a Member of the BIS Board and chaired the Global Economy Meeting and the Economic

Consultative Committee. Mr. Carstens also chaired the International Monetary and Financial Committee, the

policy advisory committee of the International Monetary Fund (IMF), from 2015 to 2017. Earlier in his career,

he served as Mexico's Finance Minister and as Deputy Managing Director at the IMF. From 2000 to 2003, he

was Mexico's Deputy Finance Minister after holding the position of Executive Director at the IMF. Mr.

Carstens began his career in 1980 at the Bank of Mexico. He holds a Master’s degree and a PhD in Economics

from the University of Chicago. He is a citizen of Mexico. Mr. Carstens is a highly respected and distinguished

professional with extensive experience in financial regulation and monetary policy, built over a long and

accomplished career.

Luca Maestri (born 1963) is currently Vice President of Apple Inc’s Corporate Services, reporting to the CEO.

Previously, he was Apple’s CFO for more than a decade after joining the firm in 2013 as Vice President and

Corporate Controller. Prior to that, he served as Executive Vice President and CFO at Xerox Corporation. From

2008 to 2011, he was Senior Vice President and CFO at Nokia Siemens Networks. Mr. Maestri spent two

decades at General Motors (GM), holding various finance leadership roles across multiple countries, including

CFO for GM Europe based in Zurich and CFO for GM Brazil in Sao Paulo. He also led the Fiat Alliance at GM

Europe. His experience spans assignments in Thailand, Singapore, Ireland, Switzerland, Italy, Germany, Brazil

and the United States. Mr. Maestri holds a Bachelor’s degree in Economics from Luiss University in Rome and

a Master’s degree in Management from Boston University. He is a citizen of Italy and the United States. Mr.

Maestri is a highly renowned executive and leader in the technology industry.

UBS Chairman Colm Kelleher commented: “I am delighted to share the nomination of Agustín Carstens and

Luca Maestri for election to the Board. The addition of these two highly experienced leaders will further

strengthen the Board’s expertise, bringing outstanding regulatory knowledge and extensive CFO skills. This

follows the earlier announcement of former UBS Group Executive Board member Markus Ronner’s

nomination as Vice Chairman. I very much look forward to collaborating with them on the Board.”

Investor Relations

Tel. +41-44-234 41 00

Media Relations

Tel. +41-44-234 85 00

UBS Group AG and UBS AG, News Release, 27 February 2026 Page 2

As previously communicated, Lukas Gähwiler has decided, after an exceptionally successful career spanning

45 years, to retire from his role as Vice Chairman of the Board of Directors and concluding his long career in

banking. He was appointed Vice Chairman in 2022 and acted as UBS’s representative within Switzerland’s

leading trade associations and financial industry bodies. Furthermore, as the final Chairman of Credit Suisse

AG, he played an instrumental role in overseeing the seamless integration of Credit Suisse into UBS.

William C. Dudley and Jeanette Wong have also decided to step down after seven years on the Board. During

this time, Mr. Dudley served on the Corporate Culture and Responsibility Committee, the Risk Committee and

the Governance and Nominating Committee. Ms. Wong was a member of the Audit Committee, the

Corporate Culture and Responsibility Committee and the Compensation Committee.

Chairman Colm Kelleher and the members of the Board extend their gratitude to Lukas Gähwiler, William C.

Dudley and Jeanette Wong for their unwavering commitment and significant contributions over the past

years.

UBS Group AG and UBS AG

Investor contact

Switzerland: +41-44-234 41 00

Media contact

Switzerland: +41-44-234 85 00

UK: +44-207-567 47 14

Americas: +1-212-882 58 58

APAC: +852-297-1 82 00

www.ubs.com/media

Investor Relations

Tel. +41-44-234 41 00

Media Relations

Tel. +41-44-234 85 00

UBS Group AG and UBS AG, News Release, 27 February 2026 Page 3

This Form 6-K is hereby incorporated by reference into (1) each of the registration statements on Form F-3

(Registration Numbers 333-283672 and 333-293403), and on Form S-8 (Registration Numbers 333-200634; 333-

200635; 333-200641; 333-200665; 333-215254; 333-215255; 333-228653; 333-230312; 333-249143 and 333-

272975), and into each prospectus outstanding under any of the foregoing registration statements, (2) any

outstanding offering circular or similar document issued or authorized by UBS AG that incorporates by reference

any Forms 6-K of UBS AG that are incorporated into its registration statements filed with the SEC, and (3) the

base prospectus of Corporate Asset Backed Corporation (“CABCO”) dated June 23, 2004 (Registration Number

333-111572), the Form 8-K of CABCO filed and dated June 23, 2004 (SEC File Number 001-13444), and the

Prospectus Supplements relating to the CABCO Series 2004-101 Trust dated May 10, 2004 and May 17, 2004

(Registration Number 033-91744 and 033-91744-05).

Investor Relations

Tel. +41-44-234 41 00

Media Relations

Tel. +41-44-234 85 00

UBS Group AG and UBS AG, News Release, 27 February 2026 Page 4

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused

this report to be signed on their behalf by the undersigned, thereunto duly authorized.

UBS Group AG

By: _/s/ David Kelly______________

Name: David Kelly

Title: Managing Director

By: _/s/ Ella Copetti-Campi_________

Name: Ella Copetti-Campi

Title: Executive Director

UBS AG

By: _/s/ David Kelly______________

Name: David Kelly

Title: Managing Director

By: _/s/ Ella Copetti-Campi________

Name: Ella Copetti-Campi

Title: Executive Director

Date: February 27, 2026

FAQ

What board changes did UBS (AMUB) announce for the 2026 AGM?

UBS announced nominations of Agustín Carstens and Luca Maestri to its Board of Directors for election at the 15 April 2026 AGM, while William C. Dudley, Jeanette Wong and Vice Chairman Lukas Gähwiler will step down from the Board.

Who is Agustín Carstens, the new UBS (AMUB) board nominee?

Agustín Carstens is the former General Manager of the Bank for International Settlements and ex-Governor of the Bank of Mexico, with a long career in financial regulation, monetary policy and international institutions including the IMF and Mexico’s Finance Ministry.

What is Luca Maestri’s background as a UBS (AMUB) board nominee?

Luca Maestri is a senior Apple executive, currently Vice President of Corporate Services and formerly its long-serving CFO, with prior CFO roles at Xerox, Nokia Siemens Networks and major finance positions at General Motors across multiple international markets.

Which UBS (AMUB) board members are not standing for re-election?

William C. Dudley and Jeanette Wong have decided not to stand for re-election after around seven years on the Board, where they served on key committees including Risk, Audit, Governance, Compensation and Corporate Culture and Responsibility.

What is changing in the UBS (AMUB) Vice Chairman role?

Vice Chairman Lukas Gähwiler will retire from the Board, concluding a 45-year banking career during which he also served as final Chairman of Credit Suisse AG. Former UBS executive Markus Ronner has been nominated for election to the Board and as Vice Chairman.

How did UBS (AMUB) integrate this 6-K into its U.S. registration statements?

The Form 6-K is incorporated by reference into multiple UBS registration statements on Forms F-3 and S-8, related prospectuses and certain CABCO documents, allowing this governance disclosure to form part of existing U.S. securities offering documentation.