Successful Shareholder Meeting: Landis+Gyr Shapes Future
All Proposals Approved at Landis+Gyr's Annual General Meeting
In a significant development for Landis+Gyr Group AG (SIX: LAND), shareholders recently reached a consensus during the company's Annual General Meeting. The meeting allowed shareholders to voice their opinions and contribute to the direction of the company. Notably, all proposals put forth by the Board of Directors were unanimously approved, reflecting strong shareholder confidence in the company's strategic initiatives.
Leadership Changes Reflecting a New Era
A major highlight of the meeting was the election of Audrey Zibelman as the new Chair of the Board of Directors. This transition marks a pivotal moment for the company as it continues to innovate and shape the future within the energy sector. Zibelman replaces Andreas Umbach, who has dedicated over 25 years to the company, the last eight of which he served as Chair. Umbach’s leadership has navigated Landis+Gyr through significant expansions and advancements in technology.
Farewell to a Respected Leader
As Umbach stepped down, he expressed his deep gratitude to the shareholders and colleagues for their support throughout his tenure. He mentioned, 'It has been an extraordinary honor and privilege to serve this remarkable company. The commitment to innovation and strategy the board exhibited has consistently propelled Landis+Gyr forward.'
New Board Members and Renewed Confidence
Alongside Zibelman's election, the meeting saw the re-election of seasoned board members, including Eric Elzvik, Fabian Rauch, Andreas Spreiter, Christina Stercken, and Laureen Tolson, which underscores the continuity and experience on the board. The addition of new members, Steve Louden and Brett Carter, brings fresh perspectives and strengths, perfectly complementing the existing team.
Plans for Future Innovations
Audrey Zibelman commented on her new role, saying, 'I look forward to working with the management team and the board under the expertise of CEO Peter Mainz as we enter this exciting chapter for Landis+Gyr. Together, we aim to continue innovating and expanding our market presence.'
Financial Highlights and Shareholder Benefits
The shareholders approved a noteworthy distribution of CHF 1.15 per registered share, which will be payable from statutory capital reserves starting July 1. This distribution reflects the company’s strong performance and is a testament to their commitment to rewarding shareholders, ensuring they share in the company’s ongoing success.
In addition, the Annual Report and Financial Statements for FY 2024 received full approval, ensuring transparency and continued trust from shareholders. The report highlights Landis+Gyr’s steadfast growth, showcasing their ability to manage energy better since 1896.
Impressive Sustainability Achievements
Landis+Gyr's commitment to sustainability was further emphasized with the announcement that the company enabled savings of 9 million tons of CO2 in FY 2024 alone, a clear indicator of its role in promoting environmentally friendly energy management solutions.
Looking Ahead
The meeting concluded with pledges of commitment to enhancing the company’s contributions to global energy efficiency. The detailed voting results and the minutes will soon be made available on Landis+Gyr's investor platform, reflecting a culture of transparency and accountability that shareholders appreciate.
Frequently Asked Questions
What major decisions were made during the Annual General Meeting?
The meeting approved all board proposals, elected a new chair, and approved a per-share distribution to shareholders.
Who is the new Chair of the Board?
Audrey Zibelman was elected as the new Chair, succeeding Andreas Umbach.
What were the financial highlights discussed?
The shareholders approved a distribution of CHF 1.15 per registered share and the Annual Report for FY 2024.
How has Landis+Gyr contributed to sustainability?
The company achieved 9 million tons of CO2 savings in FY 2024, emphasizing its commitment to sustainability.
Who will be part of the new Board of Directors?
In addition to Zibelman, the board includes Eric Elzvik, Fabian Rauch, Andreas Spreiter, Christina Stercken, Laureen Tolson, Steve Louden, and Brett Carter.
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