Zurich

Panda & Pinguin, Zurich Publish Book on Forest Restoration

The storytelling agency Panda & Pinguin and Zurich Insurance Group created an English-language book honoring the reforestation work of photographer Sebastião Salgado. The publication documents a 25-year restoration on Salgado’s family land in Brazil’s Rio-Doce valley, where millions of trees were planted and wildlife returned (172 bird species, 33 mammal species). Zurich is the book’s publisher and works locally with Instituto Terra — the nonprofit founded by Sebastião and Lélia Wanick Salgado — to reforest part of the Atlantic rainforest. The book features tactile design elements (a flocked cover and a fold-out illustration) and can be viewed digitally at zurichtheforest.com. Panda & Pinguin say this is their third book project with Zurich.

Heatwaves Threaten AI Data Centers and Infrastructure

A record European heatwave highlights climate-driven risks to AI data centers, with severe weather increasingly disrupting power grids, cooling systems and operations. Insurers and risk firms say extreme weather is now a leading cause of loss for data-center builders, while a study found most global capacity faces elevated acute-hazard risk. Operators and equipment vendors are adapting — from higher chiller temperatures and liquid-cooling servers to diversified site selection and redundant systems — but shifting construction into 'frontier' markets raises new exposure to tornadoes, hail and other hazards. The story underscores rising insurance, energy and resilience concerns for the AI-driven data center buildout.

On founders retake leadership after CEO exit

Swiss sports-shoe maker On announced an unexpected leadership change: CEO Martin Hoffmann will step down and take a planned break, triggering a share price decline of over 11% intraday and further falls the following day. Co-founders David Allemann and Caspar Coppetti will jointly assume the CEO role and share the board chairmanship; co-founder Olivier Bernhard will remain on the executive board focusing on athlete partnerships. Scott Maguire is being promoted to COO to run the value chain from development to global distribution. Frank Sluis will join as CFO on May 1, recruited from Ahold Delhaize. On reported more than CHF 3 billion revenue in 2025 and a gross margin above 60%; media reports say Hoffmann’s reported compensation rose about 242% to nearly CHF 10 million last year.