GF Annual Shareholders' Meeting approves all proposals
At today's 128th Annual Shareholders' Meeting of Georg Fischer AG, the shareholders approved all proposals. Annika Paasikivi and Stefan Räbsamen were elected as new members of the Board of Directors.
772 shareholders with 1’026'132 votes were present at the IWC Arena in Schaffhausen (Switzerland). The independent proxy represented 43'572'688 share votes. This presence corresponds to a total of 73.95% of the shares entered in the share register with voting rights.
The shareholders approved the annual financial statement and the consolidated financial statements 2023. In an advisory vote, shareholders also approved the compensation report and for the first time the Non-financial Reporting 2023. The proposed dividend of CHF 1.30 per share, unchanged from last year's level, was also approved and will be paid on 23 April 2024.
All Board members who were up for election were re-elected for a one-year term. Hubert Achermann, Vice-Chairman and Independent Lead Director retired from the Board upon reaching the regulatory age limit. Roger Michaelis did not stand for re-election due to GF’s 12-year limit on Board tenure. The Shareholder's Meeting elected Annika Paasikivi and Stefan Räbsamen as new members of the eight-member Board of Directors. It also confirmed Yves Serra as Chairman and elected Annika Paasikivi, Eveline Saupper and Michelle Wen as members of the Compensation Committee, with Eveline Saupper taking over as Chairwoman.
Eveline Saupper will also serve as Independent Lead Director and Vice-Chair of the Board of Directors. The constitution of the Audit Committee and of the Nomination and Sustainability Committee was determined by the Board of Directors (see separate document).
Photos of the event are available in the GF image database.
Yves Serra, Chairman of the Board of Directors, is welcoming Stefan Räbsamen (left) and Annika Paasikivi (right) as new members of the Board of Directors.
128th Annual Shareholders' Meeting of Georg Fischer AG at the IWC Arena in Schaffhausen (Switzerland)
128th Annual Shareholders' Meeting of Georg Fischer AG at the IWC Arena in Schaffhausen (Switzerland)
128th Annual Shareholders' Meeting of Georg Fischer AG at the IWC Arena in Schaffhausen (Switzerland)
128th Annual Shareholders' Meeting of Georg Fischer AG at the IWC Arena in Schaffhausen (Switzerland)
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GF offers products and solutions that enable the safe and sustainable transport of liquids and gases, as well as lightweight casting components and high-precision manufacturing technologies. As a sustainability and innovation leader, GF strives to achieve profitable growth while offering superior value to its customers for more than 200 years. Founded in 1802, the Corporation – with its divisions GF Piping Systems, GF Uponor, GF Casting Solutions and GF Machining Solutions – is headquartered in Switzerland. At the end of 2023, it was present in 45 countries with 187 companies, 76 of which are production companies with 105 facilities. GF’s 19'824 employees worldwide generated sales of CHF 4'026 million in 2023.
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