Landis+Gyr Shareholders Welcome New Leadership at AGM
The Annual General Meeting of the Landis+Gyr Group AG recently took place, where shareholders gathered to discuss crucial proposals regarding company governance. Notably, the meeting resulted in the election of Audrey Zibelman as the new Chair of the Board of Directors. This significant transition marks the beginning of a new era for the company, focusing on innovation and strategic growth in energy management technologies.
Key Outcomes from the Annual General Meeting
During the meeting, 218 shareholders, including proxies, were in attendance, representing over half of the issued share capital. Approved initiatives included the election of Zibelman and the re-election of all current directors with one-year terms. The board looking forward includes Eric Elzvik, Fabian Rauch, Andreas Spreiter, Christina Stercken, and Laureen Tolson, alongside the newly elected members, Steve Louden and Brett Carter.
Reflecting on Leadership Changes
After eight years at the helm, former Chair Andreas Umbach did not seek re-election. He expressed heartfelt thanks to shareholders while reflecting on his 25-year journey with Landis+Gyr. Umbach's leadership has been pivotal in steering the company toward becoming a leader in smart energy solutions, stating, 'It has been an extraordinary honor to serve this remarkable company.'
Audrey Zibelman's Vision
As she steps into her new role, Zibelman is committed to maintaining the momentum established by her predecessor. She remarked on her appreciation for Umbach’s extensive contributions during his tenure. Emphasizing collaboration and innovation, she looks forward to working closely with CEO Peter Mainz and the entire management team to forge a successful path forward.
Financial Highlights
Shareholders also overwhelmingly approved a distribution of CHF 1.15 per registered share, set to be paid from statutory capital reserves starting July 1. Additionally, the meeting saw the endorsement of the Annual Report, Financial Statements for FY 2024, the Remuneration Report, and the Sustainability Report, confirming Landis+Gyr’s commitment to transparency and responsible governance.
Upcoming Milestones
Key dates following the AGM include the ex-dividend date on June 27 and the dividend payment date, aimed at rewarding shareholders for their continued support. The release of the Half Year Results for 2025 is also scheduled for October 28, ensuring that investors will have insights into the company’s performance throughout the year.
About Landis+Gyr
Landis+Gyr is recognized globally for its integrated energy management solutions, which empower utilities and consumers alike to enhance energy efficiency. Our innovative software and hardware solutions have been critical in helping to achieve substantial CO2 savings in recent years. With a commitment rooted in sustainability and technological advancement, Landis+Gyr reported sales of USD 1.7 billion for FY 2024. With approximately 6,300 dedicated professionals worldwide, we continue to lead the charge in decarbonizing energy management and enhancing infrastructure efficiency.
Frequently Asked Questions
What major changes occurred in the Board of Directors during the AGM?
At the AGM, Audrey Zibelman was elected as the new Chair, with all existing directors re-elected for a term of one year, and new members Steve Louden and Brett Carter joining the Board.
What is the amount of the approved dividend per share?
The shareholders approved a dividend distribution of CHF 1.15 per registered share, which will be paid from July 1 onwards.
What did former Chair Andreas Umbach say at the meeting?
Andreas Umbach expressed his gratitude to shareholders, reflecting on his honor to serve and the collective efforts towards Landis+Gyr's innovative future.
When will the Half Year Results for 2025 be released?
The Half Year Results for 2025 are scheduled to be released on October 28, providing updates on the company's financial performance.
How has Landis+Gyr contributed to sustainability efforts recently?
Landis+Gyr has achieved significant CO2 savings of 9 million tons in FY 2024 through its energy management solutions, evidencing its commitment to environmental responsibility.
