Landis+Gyr's Annual General Meeting Marks New Leadership Era and Approves Key Initiatives
Landis+Gyr's Annual General Meeting Highlights New Beginnings
The Landis+Gyr Group AG recently held its Annual General Meeting (AGM) in Steinhausen, Switzerland, where shareholders gathered to review key proposals and vote on critical leadership changes. With over 218 shareholders present, representing 57.39% of the total issued share capital, the atmosphere was charged with anticipation as the company looks to the future.
Leadership Transition
At the forefront of the meeting was the electoral transition for the Board of Directors. Following an impressive eight-year tenure, Andreas Umbach stepped down as Chair, expressing deep gratitude for the opportunity to serve the company. He remarked, "It has been an extraordinary honor and privilege to serve this remarkable company for over 25 years, including the past eight as Chair. The dedication of our Board and Executive Management team has propelled Landis+Gyr towards becoming a pivotal player in the smart energy sector."
Welcoming Audrey Zibelman
In a significant move, Audrey Zibelman was elected as the new Chair of the Board of Directors. In her inaugural address, Zibelman articulated her respect for her predecessor's contributions and her commitment to steering Landis+Gyr into a promising future. She stated, "I look forward to working closely with the management team and the Board to drive innovation and serve our shareholders effectively. Our mission is clear: to remain at the forefront of energy management solutions."
Board Elections and Reappointment
The AGM also saw the re-election of existing board members Eric Elzvik, Fabian Rauch, Andreas Spreiter, Christina Stercken, and Laureen Tolson for another one-year term. Furthermore, Steve Louden and Brett Carter made their debut as new Board members, bringing their expertise to strengthen the leadership team.
Financial Highlights and Dividend Distribution
A pivotal aspect of the meeting was the approval of various financial reports, including the Annual Report and Financial Statements for FY 2024. Shareholders endorsed the proposed dividend distribution of CHF 1.15 per registered share, payable from July 1, 2025. This decision reflects the company’s ongoing commitment to delivering value to its investors.
Commitment to Sustainability
An essential part of the discussions centered on sustainability, with the approval of the Sustainability Report 2024. Landis+Gyr has been proactive in reducing carbon emissions, achieving an impressive 9 million tons of CO2 savings in their last fiscal year. As the company adapts to the needs of modern energy management, their innovative technologies and strategies resonate deeply with the growing demand for sustainable solutions.
Looking Ahead
With a clear roadmap established during this meeting, Landis+Gyr is poised for a transformative journey ahead. The company aims to leverage its position in the market, continuing to innovate and provide cutting-edge solutions to its clients. From revamping its leadership structure to focusing on sustainability and financial growth, the AGM underscored a renewed sense of purpose and direction for Landis+Gyr.
In conclusion, the Landis+Gyr AGM not only laid the groundwork for future initiatives but also symbolized a commitment to continuous advancement in energy management practices. The contributions of both outgoing and incoming Board members point to a future filled with potential, promising enhanced performance and innovative strategies for the company and its stakeholders.