01.23.19
Meyer Burger Technology Ltd announced that it will propose Dr. Remo Lütolf as non-executive, independent chairman of the Board of Directors and Andreas R. Herzog as non-executive, independent member of the Board of Directors for election at the Ordinary Shareholders Meeting 2019.
Their nomination is part of the company’s long-term succession plan and Board renewal process that had started in 2017. Dr. Alexander Vogel, Wanda Eriksen-Grundbacher and Michael R. Splinter will not stand for re-election at the Shareholders Meeting 2019. Until the end of their term of office, they will continue all duties as chairman and Board members, respectively.
“Dr. Lütolf’s international strategic and operational experience in the automation and power sectors and his proven leadership skills make him a very well qualified chairman to lead Meyer Burger in future years,” Dr. Vogel, chairman of the Board of Directors, said. “Andreas Herzog will ideally complement the Board with his many years of international experience in financing and in risk management.”
Dr. Lütolf spent the past 20 years of his career with ABB, most recently serving as country managing director of ABB Switzerland 2013-2018. He is chairman of the Board of Directors of Ruag Holding Ltd, chairman of the Board of Directors of EWL Energie Wasser Luzern Holding AG and of its subsidiary Erdgas Zentralschweiz AG, and chairman of the Board of Directors of Venture Incubator AG and of innovAARE AG.
Andreas R. Herzog has been CFO of Bühler Group since 2002. Prior senior management positions include CFO and member of Group Management Board at Eichhof Holding 2001-2002, VP finance at Swarovski 1996-2001, various management positions at SMH Holding (today Swatch Group) 1990-1995 and at Ciba-Geigy 1984-1990.
Their nomination is part of the company’s long-term succession plan and Board renewal process that had started in 2017. Dr. Alexander Vogel, Wanda Eriksen-Grundbacher and Michael R. Splinter will not stand for re-election at the Shareholders Meeting 2019. Until the end of their term of office, they will continue all duties as chairman and Board members, respectively.
“Dr. Lütolf’s international strategic and operational experience in the automation and power sectors and his proven leadership skills make him a very well qualified chairman to lead Meyer Burger in future years,” Dr. Vogel, chairman of the Board of Directors, said. “Andreas Herzog will ideally complement the Board with his many years of international experience in financing and in risk management.”
Dr. Lütolf spent the past 20 years of his career with ABB, most recently serving as country managing director of ABB Switzerland 2013-2018. He is chairman of the Board of Directors of Ruag Holding Ltd, chairman of the Board of Directors of EWL Energie Wasser Luzern Holding AG and of its subsidiary Erdgas Zentralschweiz AG, and chairman of the Board of Directors of Venture Incubator AG and of innovAARE AG.
Andreas R. Herzog has been CFO of Bühler Group since 2002. Prior senior management positions include CFO and member of Group Management Board at Eichhof Holding 2001-2002, VP finance at Swarovski 1996-2001, various management positions at SMH Holding (today Swatch Group) 1990-1995 and at Ciba-Geigy 1984-1990.
