Landis+Gyr Shareholders Endorse All Proposals in Greener Future Focus
Landis+Gyr Shareholders Endorse All Proposals in Greener Future Focus
On June 25, 2025, Landis+Gyr Group AG held its Annual General Meeting (AGM) in Steinhausen, Switzerland, where all proposed resolutions were approved by shareholders. This event marked a significant moment for the company as it transitions into a new governance era under the leadership of newly appointed Chair, Audrey Zibelman.
A total of 218 shareholders, representing 57.39% of the share capital, participated in the meeting. One of the focal points was the election of Audrey Zibelman, who succeeds long-standing Chair, Andreas Umbach. Umbach expressed deep gratitude for the trust bestowed upon him over his twenty-five-year tenure, of which eight years were spent as Chair. He highlighted the company's commitment to innovation and a strategic vision that positions Landis+Gyr as a leader in smart energy management.
Zibelman, in her first address as Chair, paid tribute to Umbach's contributions and emphasized her enthusiasm for working alongside CEO Peter Mainz and the board to continue enhancing the company's strategic direction. New board members, Steve Louden and Brett Carter, were also welcomed, bringing with them extensive experience that will further strengthen the leadership team.
In addition to governance changes, shareholders voted to approve a dividend of CHF 1.15 per share from capital reserves, which will be distributed starting July 1, 2025. This decision underlines Landis+Gyr's ongoing commitment to providing value to its shareholders even as it pivots towards more sustainable and innovative energy solutions.
Shareholders also ratified the financial statements for the fiscal year 2024 and the executive compensation report. An important aspect of the meeting was the approval of the sustainability report, reflecting Landis+Gyr's aim to demonstrate accountability in its environmental impact.
These decisions and appointments pave the way for Landis+Gyr to continue its mission of providing integrated energy management solutions globally. The company's innovative technologies are at the forefront of the industry's efforts to address climate change, having reportedly enabled a CO2 reduction of 9 million tons in the last fiscal year.
With a revenue of USD 1.7 billion in 2024 and a dedicated workforce of approximately 6,300 professionals around the world, Landis+Gyr stands poised to expand its influence in energy management. The company has been instrumental since its inception in 1896, leveraging its comprehensive product portfolio to help utilities and consumers optimize energy usage.
In conclusion, the successful AGM underscores the confidence shareholders have in Landis+Gyr’s management and strategic framework as it embarks on new challenges and opportunities. The detailed voting results will be published on Landis+Gyr's investor website, and the minutes from the AGM will soon be available for review, allowing stakeholders to reflect on the discussions and decisions made during this pivotal meeting.