Change on the Board of Directors of Georg Fischer Ltd

07.01.2016

Ulrich Graf will step down as member of the Board of Directors of Georg Fischer Ltd. The Board of Directors will propose Riet Cadonau for election as a new member.

Riet Cadonau (54), Swiss, holds a master s degree in Economics and Business Administration from the University of Zurich and graduated from the Advanced Management Program at Insead Business School, France. After holding several management positions at IBM and Ascom in Switzerland, he was in 2007 appointed CEO of Ascom Group. Since 2011, Riet Cadonau has led the dorma+kaba Group (former Kaba Group), Switzerland, as CEO. He is also a member of the Board of Directors of Zehnder Group AG, Switzerland.

Andreas Koopmann, GF Chairman, stated: “We are pleased to propose Riet Cadonau for our Board of Directors. He has a profound industrial experience, especially as CEO of Swiss listed industrial companies. He will complement our Board in an ideal way.” After serving on the Board for 18 years, Ulrich Graf will retire at the statutory retirement age.

For the last four years, he has also been the Chairman of the Compensation Committee. The Board of Directors warmly thanks Ulrich Graf for his many years of fruitful services at GF and wishes him all the very best.

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