Organization of GF
The GF Executive Committee f.l.t.r.: Carlos Vasto (Head of GF Casting Solutions), Yves Serra (CEO), Pascal Boillat (Head of GF Machining Solutions), Andreas Müller (CFO) and Joost Geginat (Head of GF Piping Systems) at GF Casting Solutions in Altenmarkt (Austria).
Georg Fischer Ltd, the Holding Company of the GF Corporation, is organized under Swiss law. It is headquartered in Schaffhausen (Switzerland), and listed on the SIX Swiss Exchange.
Board of Directors
The nine members of the Board of Directors are elected individually by the Annual Shareholders’ Meeting. The Board of Directors has ultimate responsibility for supervising and monitoring the management of Georg Fischer Ltd. It decides on the company strategy and organizational structure, the organization of finance and accounting, the annual budget and the investment budget, and appoints the members of the Executive Committee, to which it transfers the operational management of the Corporation. All members of the Board of Directors are non-executive.
The Chief Executive Officer (CEO) 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.
GF Corporation is organized in the three divisions GF Piping Systems, GF Casting Solutions, GF Machining Solutions and the two Corporate Staff
Units Finance & Controlling and Corporate Development. The Heads of the
Divisions and the Corporate Staff Units are responsible for managing their
businesses and for achieving their business objectives.
The CEO and the CFO form the Corporate Center in the narrower sense. The Corporate Center is closely involved in management, planning, IT, communications, finance, management development, and corporate culture and is supported in these tasks by a team of about 50 people. The Corporate Center ensures that risk management, transparency, Corporate Governance, sustainability, and compliance practices meet the requirements of the owners and the public, and it supports the Board of Directors in meeting its responsibilities.
Corporate Finance & Controlling uses state-of-the-art information systems to ensure the time-critical financial management of the Corporation. A standardized system of financial reporting is used throughout the entire Corporation, guaranteeing immediate and complete transparency. Currency, interest rate, and credit risks are monitored and managed at Corporation level.
Strategically important competencies and information are shared
and made available throughout the Corporation. Considerable importance is
attached to internal training, talent management and to putting the best
possible people in management positions. Up to 70% of all senior
management positions are filled with internal candidates.
The Corporation has a strong brand with GF, which has been built up and strengthened consistently over many years. The Corporation builds confidence in its products and services with an open and active communication policy to customers, employees, media, analysts, shareholders, and other stakeholders.
The sustainable development of the Corporation is supported by
shared corporate values. They are put down in writing in the Code of Conduct
and are becoming increasingly important with the spread of globalization.
For detailed information on Corporate Governance see the same named chapter.
GF organization structure
As of 31 December 2018