• Dr Remo Lütolf, Chairman of the Board of Ruag Holding Ltd and previously Country Managing Director of ABB Switzerland Ltd, nominated for election to the Board of Directors and as new Chairman of the Board at the Ordinary Shareholders Meeting 2019
• Andreas R. Herzog, Chief Financial Officer of Bühler Group also nominated for election as member of the Board of Directors at the Ordinary Shareholders Meeting 2019
• Dr Alexander Vogel, Wanda Eriksen-Grundbacher and Michael R. Splinter will not stand for re-election at the Ordinary Shareholders Meeting 2019
Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) announced today 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 Alexander Vogel, Chairman of the Board of Directors, said: “The Board of Directors is very pleased to propose to the shareholders the elections of Dr Remo Lütolf as new Chairman and Andreas R. Herzog as new Board member. 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. Andreas Herzog will ideally complement the Board with his many years of international experience in financing and in risk management.”
