Landis+Gyr Agrees on Several Key Proposals During Annual Meeting in Switzerland

Landis+Gyr's Annual General Meeting 2025

On June 25, 2025, the Annual General Meeting (AGM) of the Landis+Gyr Group AG, conducted in Steinhausen, Switzerland, marked a pivotal moment in the company's history. The meeting saw the approval of all board proposals and the election of Audrey Zibelman as the new Chair of the Board of Directors. A significant turnout was noted, with 218 shareholders and proxies representing 57.39% of issued share capital in attendance.

This AGM was especially noteworthy as it witnessed the departure of Andreas Umbach, the outgoing Chair who chose not to seek re-election after eight years in the role. Umbach reflected on his extensive journey with Landis+Gyr, expressing gratitude for the trust bestowed upon him by shareholders and emphasizing the company's commitment to innovation and strategic direction. His leadership spanned over 25 years, and he took the opportunity to thank everyone involved - shareholders, colleagues, customers, and partners - for their unwavering support throughout the years.

In addition to Zibelman's election, the AGM confirmed the re-election of several directors for another term, including Eric Elzvik, Fabian Rauch, Andreas Spreiter, Christina Stercken, and Laureen Tolson. The shareholders also welcomed Steve Louden and Brett Carter to the Board, adding fresh perspectives and expertise to the team.

Audrey Zibelman, who has stepped into the role of Chair, expressed her deep appreciation for Umbach’s contributions and highlighted the importance of collaboration among the Board and the management, directed by CEO Peter Mainz, to navigate the future. She welcomed the new Board members and looked forward to their contributions to the company's strategic vision.

Key decisions made during the meeting included the approval of a distribution of CHF 1.15 per registered share, derived from statutory capital reserves. Shareholders can look forward to receiving this dividend on July 1, 2025. The AGM also ratified the Annual Report and Financial Statements for FY 2024, as well as the FY 2024 Remuneration Report in a consultative vote, along with the Sustainability Report for the same year.

Specific significant dates emerged from the AGM, such as the ex-dividend date scheduled for June 27, 2025, followed by the dividend payment date and the release of the Half Year Results 2025, expected on October 28, 2025.

Landis+Gyr, a global leader in energy management solutions, has significantly impacted smart grid and infrastructure management for over a century. The company plays a vital role in empowering utilities and consumers to optimize energy usage, promoting sustainability through its innovative product offerings. In FY 2024 alone, Landis+Gyr contributed to the reduction of 9 million tons of CO2 emissions, underlining its dedication to creating a greener future. With annual sales reaching USD 1.7 billion, Landis+Gyr employs a talented workforce of around 6,300 individuals worldwide.

The decisions made at this AGM reflect Landis+Gyr's strategic vision and commitment to innovation in energy management, positioning the company to continue shaping the future of the industry as it moves to meet increasing demands for smart energy solutions.