Originally Posted by
BlackPeter
Correct, this is as well recommended best practise from the shareholders association.
You are however right - the announcement sounds a bit funny.
Normally you would just expect something like "The board wishes to announce that they are rotating auditors as per policy xyz after n years". Following this policy we would like to thank auditor a for a great job done and are announcing that auditor b will take over in this role starting dd.mm.yy .
Ah well, given that its so hard to find good workers these days, maybe they had to ask the tea lady to prepare the announcement?