Executive Committee

As of 31 December 2018

1 Mads Joergensen will succeed Andreas Müller as CFO and Head of Corporate Finance & Controlling.

The Chief Executive Officer is responsible for the management of the Corporation. Under his leadership, the Executive Committee addresses all issues of relevance to the Corporation, takes decisions within its remit, and submits proposals to the Board of Directors. The Heads of the three Divisions and two Corporate Staff Units are responsible for drafting and achieving their business objectives and for managing their units autonomously. No management responsibility is delegated to third parties at the Executive Committee level (management contracts).

Members

On 1 September 2018, Carlos Vasto succeeded Josef Edbauer as Head of the GF Casting Solutions division. As of 31 December 2018, the Executive Committee is composed of the following members: Yves Serra, CEO and at the same time Head of Corporate Development; Joost Geginat, Head of GF Piping Systems; Carlos Vasto, Head of GF Casting Solutions; Pascal Boillat, Head of GF Machining Solutions; Andreas Müller, CFO and Head of Corporate Finance & Controlling.

With the end of the Annual Shareholders’ Meeting on 17 April 2019, Andreas Müller will succeed Yves Serra as CEO of GF. On 21 February 2019, the Board of Directors appointed Mads Joergensen as new CFO and successor of Andreas Müller, effective as of 18 April 2019.

Mandate

Pursuant to § 23a of the Articles of Association of Georg Fischer Ltd, a member of the Executive Committee may at one and the same time hold no more than one additional mandate as a member of the supreme managerial or governing body of listed legal entities and no more than five additional mandates as a member of the supreme managerial or governing body of unlisted legal entities. These mandates must be approved by the Board of Directors.

In addition, a member of the Executive Committee may not hold more than ten mandates that he or she exercises by order of the company, in legal entities belonging to the member’s own family, in a professional or industry association or in a charitable institution.

Mandates of associated companies or institutions and involvement in professional or industry associations, which are exercised in the function as a member of the supreme managerial or governing body of a legal entity, shall together count as one mandate.