Back to the overview
Persons

Sulzer Chairman Ueli Roost resigns

26.03.2001

Ueli Roost has announced his resignation with immediate effect as Board Chairman of not only Sulzer Ltd – as previously announced – but also of Sulzer Medica Ltd. Roost thereby intends to afford both companies the greatest possible freedom of action in their current phase of transitional realignment.

Both Boards of Directors respect Ueli Roost’s decision, and express their full appreciation for his services. Leonardo Vannotti has been appointed Chairman of the Sulzer Ltd Board of Directors with immediate effect, and will chair the forthcoming Annual General Meeting on April 19, 2001. Max Link, currently Vice-Chairman of the Sulzer Medica Ltd Board, is today appointed Board Chairman of this publicly listed Sulzer subsidiary.

The new Sulzer Ltd Board Chairman Leonardo Vannotti comments as follows on current developments: “With the Sulzer Medica spin-off planned for this year, we shall be well on course for a successful future. Both companies have well-founded strategies promising significant value creation. In the interests of our shareholders, we must therefore ensure at the coming Annual General Meeting that InCentive Capital AG does not take control of Sulzer.“

As previously warned by Sulzer, InCentive's AGM resolutions, seeking a replacement of the Sulzer Board by nominees of InCentive, constitute an attempt to take control of Sulzer before the bid is concluded. Sulzer therefore recommends that its shareholders vote against InCentive's resolutions at the AGM. Sulzer rejected the pre-announced bid on 23 February, arguing that the bid is too low and highlighting InCentive's lack of strategy.

More articles on this topic

Change at the Top of Endress+Hauser InfoServe
Corporate News - Persons

Change at the Top of Endress+Hauser InfoServe

16.12.2024 -

Endress+Hauser is driving digitalization forward – in its products, in customer interaction and in internal collaboration. Endress+Hauser InfoServe, the Group’s IT service provider, plays a key role in this. Oliver Blum will take over as the new managing director on 1 January 2025. He was previously Corporate Director Supply Chain at Endress+Hauser.

Read more
Change in the Marketing Management at Pentair Jung Pumpen
Corporate News - Persons

Change in the Marketing Management at Pentair Jung Pumpen

25.11.2024 -

After 18 years of successful work, Dr. Andreas Kämpf left the Steinhagen-based pump manufacturer at the end of October. With his creativity and his instinct for attention-grabbing campaigns, as well as his openness to new communication channels and technologies, he has contributed significantly to the development and success of the brand and the company. Kämpf symbolically passed the well-known U3K pump on as a baton to his successor Gunnar Wippersteg.

Read more
BPMA Welcomes its New President
Corporate News - Persons

BPMA Welcomes its New President

21.11.2024 -

Lee Tebbatt, Managing Director of Wilo UK has been announced as the new President of the British Pump Manufacturers Association (BPMA), following a two-year tenure in the role of Vice President. The position was officially passed on during the BPMA’s Annual General Meeting and follows the two-year term in office by the previous President, Dale Croker, Managing Director of KSB UK.

Read more