Former Uponor Chair Nominated for Election to the GF Board of Directors

Grundfos delivered healthy sales growth in 2023 while reducing its own water and energy footprint as well as supporting customers in lowering their water and energy consumption.

GF has secured an “A” score, the highest possible, by the global rating agency CDP for transparency and performance on climate change, after the company was awarded an “A-” for three consecutive years. For its ambitions around water security, GF has maintained its previous rating of “A-”.

Hubert Achermann, Vice-Chairman of the Board of Directors of GF and Independent Lead Director is retiring from the Board of Directors on reaching the age limit. The Board of Directors of GF will propose Stefan Räbsamen as a new member to the Annual General Meeting on 17 April 2024.

In the first half of this year, GF’s business continued to perform well, despite heavy currency headwinds and geopolitical tensions. Sales of sustainable products and solutions, underpinned by long-term megatrends such as urbanization, energy efficiency and high demand for clean drinking water, continue to sustain performance and profitability.

Daniel Bösiger, Head Investor Relations/Chief Risk Officer has decided to go into an early retirement end of November 2023. Nadine Gruber will take over the position as of November 2023.

In 2022, GF’s business momentum further accelerated, mainly driven by increasing sales of products and solutions with environmental or social benefits. Among these were solutions for water treatment, as well as solutions to minimize water losses in urban infrastructure, lightweight components for sustainable mobility and highly energy-efficient machine tools.