Corporate structure and shareholders

The Corporation has the operational divisions: GF Piping Systems, GF Automotive, and GF Machining Solutions, plus the Corporate Staff Units Finance & Controlling and Corporate Development. The Chief Executive Officer is also the Head of Corporate Development.

As of 1 January 2018

The CEO, supported by the other members of the Executive Committee, bears responsibility for the management of the Corporation, where this is not delegated to the divisions or the Corporate Staff Units. The Heads of the Divisions, supported by the Heads of the Business Units and Service Centers, bear responsibility for the management of the divisions. The Corporate Staff Units support the Board of Directors and the Executive Committee in their management and supervisory functions.

The parent company of all the Corporate Companies is Georg Fischer Ltd. It is incorporated under Swiss law and is domiciled in Schaffhausen (Switzerland). Georg Fischer Ltd is listed on the SIX Swiss Exchange (FI-N, security number 175230). Its share capital is CHF 4ʼ100ʼ898, and its market capitalization was CHF 5ʼ282 million as of 31 December 2017 (previous year: CHF 3ʼ420 million).

Affiliated Companies

An overview of all Affiliated Companies in the scope of consolidation can be found in the Financial Report (consolidated financial statements/notes to the consolidated financial statements) in note 4.2 (4.2.1 Affiliated companies). The list contains the company name, domicile, share capital, and percentage held by GF.

Significant shareholders and shareholder groups

As of 31 December 2017, the BlackRock Group, held directly or indirectly by BlackRock, Inc., New York (USA), had shareholdings in excess of 5%. In addition, Norges Bank (the Central Bank of Norway), Oslo (Norway), the UBS Fund Management (Switzerland) AG, Basel (Switzerland), and JP Morgan Chase & Co., New York (USA), had shareholdings between 3% and 5%.

In the year under review, 21 disclosure notifications were filed; of these, 20 were published in the year under review and one was published on 4 January 2018. 20 of the filings related to the BlackRock Group, held directly or indirectly by BlackRock Inc., New York (USA), while one related to JP Morgan Chase & Co., New York (USA).

Disclosure notifications pertaining to shareholdings in Georg Fischer Ltd that were filed with Georg Fischer Ltd and the SIX Swiss Exchange are published on the latter’s electronic publication platform and can be accessed via the following link: 
www.six-exchange-regulation.com/en/home/publications/significant-shareholders.html

Shareholdings of members of the Board of Directors, the Executive Committee, and the Senior Management

A total of 41ʼ717 Georg Fischer shares were held by members of the Board of Directors, the Executive Committee, and the Senior Management as of 31 December 2017 (previous year: 45ʼ115 Georg Fischer shares):

 

 

Number of Georg Fischer registered shares as of 31 Dec. 2017

 

Number of Georg Fischer registered shares as of 31 Dec. 2016

 

 

 

 

 

Members of the Board of Directors

 

14’252

 

12’862

Members of the Executive Committee

 

8’765

 

10’879

Members of the Senior Management

 

18’700

 

21’374

Total

 

41’717

 

45’115

 

 

 

 

 

In % of issued shares

 

1.02%

 

1.10%

The shares of the share-based compensation program are either treasury shares or are repurchased on the market.

Cross-shareholdings

There are no cross-shareholdings or shareholder pooling agreements with other companies.