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24.11.2023 06:30:46 - dpa-AFX: EQS-Adhoc: Change on the Board of Directors of Forbo Holding Ltd (english)
Change on the Board of Directors of Forbo Holding Ltd
Forbo Holding AG / Key word(s): Miscellaneous
Change on the Board of Directors of Forbo Holding Ltd
24-Nov-2023 / 06:30 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
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MEDIA RELEASE
AD HOC ANNOUNCEMENT PURSUANT TO ARTICLE 53 OF THE SIX EXCHANGE REGULATION
LISTING RULES
Dr. Peter Altorfer will not be standing for re-election at the 2024 Ordinary
General Meeting. The Board of Directors of Forbo Holding Ltd will propose
Joerg Kampmeyer and Bernhard Merki for election to the Board of Directors.
Baar, November 24, 2023
Retirement from the Board of Directors
After almost 20 years' service on the Board, Dr. Peter Altorfer will not be
standing for re-election to the Board of Directors at the next Ordinary
General Meeting on April 5, 2024, as a member of the Board of Directors and
as Vice Chairman of Forbo Holding Ltd. He has been a member of the Board
since 2005 and is Chairman of the Human Resources and Nomination Committee,
the Remuneration Committee as well as a member of the Audit and Finance
Committee.
"On behalf of the Board of Directors of Forbo Holding Ltd, I would like to
thank Dr. Peter Altorfer for his valuable services. With his legal
expertise, profound financial knowledge, and many years of professional
experience, he made a great and essential contribution to the further
development of the Forbo Group. The Board of Directors is indebted to him
for his outstanding commitment and dedication as well as for his trusting
cooperation. We wish him all the best for the future," says This E.
Schneider, Chairman of the Board of Directors.
Elections to the Board of Directors
The Board of Directors of Forbo Holding Ltd will propose Joerg Kampmeyer and
Bernhard Merki for election as new members to the Board of Directors at the
Ordinary General Meeting on April 5, 2024.
Bernhard Merki, a Swiss citizen, has been a self-dependent businessperson as
well as professional and independent director since 2019, serving on the
boards of various nationally and internationally active companies. In
addition to holding a number of directorships, he is Chairman of the Board
of Directors of EMS-Chemie-Holding AG, Georg Utz Holding AG, Rondo Burgdorf
AG, and Fostag Formenbau AG. Bernhard Merki has extensive industrial
experience accumulated over many years in sectors closely related to Forbo's
activities: logistics, mechanical engineering, plastics processing and
construction materials.
After earning a degree in mechanical engineering (Dipl. Ing. HTL) at HTL
Brugg-Windisch, he served from 1988 to 2013 at Netstal Group, a leading
global manufacturer of injection molding machinery, in various management
positions, of which during the last ten years as CEO. From 2014 to 2018 he
was CEO of 4B, a leading manufacturer of innovative façade and window
systems.
Joerg Kampmeyer, a German citizen, has been General Partner at Gebr. Knauf
KG, a world-leading producer of construction materials, since 2020. In
addition to overall responsibility for the Group, he oversees the gypsum
products business in Europe, the Middle East/Africa, and Latin America, as
well as the Ceiling Solutions division. He is also in charge of the global
functions of digitalization, marketing, and distribution.
Joerg Kampmeyer studied mechanical engineering and industrial engineering at
the RWTH Aachen. He started his professional career as a management
consultant at Roland Berger and then joined the Boston Consulting Group.
From 2002 to 2019 he worked for Hilti AG in various Group executive and
operational positions. In 2011 he became a member of executive management at
Hilti Group as CFO. From 2017 until his departure, he was also heading the
European operations and was responsible for marketing and digitalization at
Group level.
This E. Schneider affirms: "We are delighted to have gained two new
professionals to join the Forbo Board of Directors: Bernhard Merki, a Board
member with extensive industrial experience in both divisions of Forbo, and
Joerg Kampmeyer, an experienced executive with expert knowledge of the
global construction materials industry, as well as the areas of marketing
and digitalization."
MEDIA RELEASE (PDF FILE)
Forbo is a leading producer of floor coverings, building and construction
adhesives, as well as power transmission and conveyor belt solutions.
Forbo's linoleum floor coverings are made from natural raw materials. They
are biodegradable and carbon-neutral (cradle to gate), without off-setting.
In the manufacture of its heterogenous vinyl floor coverings, Forbo uses
phthalate-free plasticizers of the latest generation. Vinyl floor coverings
also contain up to 25% recycled material in relation to their total product
weight. The BioBelt(TM) is a biologically degradable conveyor belt made largely
from renewable, plant-based materials. The AmpMiser(TM) conveyor belt enables
energy savings and therefore also a reduction in CO2 emissions of up to 50%.
For Forbo as a responsible manufacturer, the careful use of all resources
for a sustainable future is a guiding principle.
Forbo employs about 5,400 people and has an international network of 25
sites with prouction and distribution, 6 fabrication centers, and 47 sales
organizations in a total of 39 countries around the world. The company
generated net sales of CHF 1,293.2 million in the 2022 business year. Forbo
is headquartered in Baar in the canton of Zug, Switzerland.
Forbo Holding Ltd is listed on SIX Swiss Exchange (security number 354151,
ISIN CH0003541510, Bloomberg FORN SW, Reuters FORN.S).
Contact person:
Karin Marti
Head Corporate Communications
Phone +41 58 787 25 41
www.forbo.com
www.forbo.com -> Sustainability
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End of Inside Information
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End of Announcement EQS News Service
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1780949 24-Nov-2023 CET/CEST
Forbo Holding AG / Key word(s): Miscellaneous
Change on the Board of Directors of Forbo Holding Ltd
24-Nov-2023 / 06:30 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
MEDIA RELEASE
AD HOC ANNOUNCEMENT PURSUANT TO ARTICLE 53 OF THE SIX EXCHANGE REGULATION
LISTING RULES
Dr. Peter Altorfer will not be standing for re-election at the 2024 Ordinary
General Meeting. The Board of Directors of Forbo Holding Ltd will propose
Joerg Kampmeyer and Bernhard Merki for election to the Board of Directors.
Baar, November 24, 2023
Retirement from the Board of Directors
After almost 20 years' service on the Board, Dr. Peter Altorfer will not be
standing for re-election to the Board of Directors at the next Ordinary
General Meeting on April 5, 2024, as a member of the Board of Directors and
as Vice Chairman of Forbo Holding Ltd. He has been a member of the Board
since 2005 and is Chairman of the Human Resources and Nomination Committee,
the Remuneration Committee as well as a member of the Audit and Finance
Committee.
"On behalf of the Board of Directors of Forbo Holding Ltd, I would like to
thank Dr. Peter Altorfer for his valuable services. With his legal
expertise, profound financial knowledge, and many years of professional
experience, he made a great and essential contribution to the further
development of the Forbo Group. The Board of Directors is indebted to him
for his outstanding commitment and dedication as well as for his trusting
cooperation. We wish him all the best for the future," says This E.
Schneider, Chairman of the Board of Directors.
Elections to the Board of Directors
The Board of Directors of Forbo Holding Ltd will propose Joerg Kampmeyer and
Bernhard Merki for election as new members to the Board of Directors at the
Ordinary General Meeting on April 5, 2024.
Bernhard Merki, a Swiss citizen, has been a self-dependent businessperson as
well as professional and independent director since 2019, serving on the
boards of various nationally and internationally active companies. In
addition to holding a number of directorships, he is Chairman of the Board
of Directors of EMS-Chemie-Holding AG, Georg Utz Holding AG, Rondo Burgdorf
AG, and Fostag Formenbau AG. Bernhard Merki has extensive industrial
experience accumulated over many years in sectors closely related to Forbo's
activities: logistics, mechanical engineering, plastics processing and
construction materials.
After earning a degree in mechanical engineering (Dipl. Ing. HTL) at HTL
Brugg-Windisch, he served from 1988 to 2013 at Netstal Group, a leading
global manufacturer of injection molding machinery, in various management
positions, of which during the last ten years as CEO. From 2014 to 2018 he
was CEO of 4B, a leading manufacturer of innovative façade and window
systems.
Joerg Kampmeyer, a German citizen, has been General Partner at Gebr. Knauf
KG, a world-leading producer of construction materials, since 2020. In
addition to overall responsibility for the Group, he oversees the gypsum
products business in Europe, the Middle East/Africa, and Latin America, as
well as the Ceiling Solutions division. He is also in charge of the global
functions of digitalization, marketing, and distribution.
Joerg Kampmeyer studied mechanical engineering and industrial engineering at
the RWTH Aachen. He started his professional career as a management
consultant at Roland Berger and then joined the Boston Consulting Group.
From 2002 to 2019 he worked for Hilti AG in various Group executive and
operational positions. In 2011 he became a member of executive management at
Hilti Group as CFO. From 2017 until his departure, he was also heading the
European operations and was responsible for marketing and digitalization at
Group level.
This E. Schneider affirms: "We are delighted to have gained two new
professionals to join the Forbo Board of Directors: Bernhard Merki, a Board
member with extensive industrial experience in both divisions of Forbo, and
Joerg Kampmeyer, an experienced executive with expert knowledge of the
global construction materials industry, as well as the areas of marketing
and digitalization."
MEDIA RELEASE (PDF FILE)
Forbo is a leading producer of floor coverings, building and construction
adhesives, as well as power transmission and conveyor belt solutions.
Forbo's linoleum floor coverings are made from natural raw materials. They
are biodegradable and carbon-neutral (cradle to gate), without off-setting.
In the manufacture of its heterogenous vinyl floor coverings, Forbo uses
phthalate-free plasticizers of the latest generation. Vinyl floor coverings
also contain up to 25% recycled material in relation to their total product
weight. The BioBelt(TM) is a biologically degradable conveyor belt made largely
from renewable, plant-based materials. The AmpMiser(TM) conveyor belt enables
energy savings and therefore also a reduction in CO2 emissions of up to 50%.
For Forbo as a responsible manufacturer, the careful use of all resources
for a sustainable future is a guiding principle.
Forbo employs about 5,400 people and has an international network of 25
sites with prouction and distribution, 6 fabrication centers, and 47 sales
organizations in a total of 39 countries around the world. The company
generated net sales of CHF 1,293.2 million in the 2022 business year. Forbo
is headquartered in Baar in the canton of Zug, Switzerland.
Forbo Holding Ltd is listed on SIX Swiss Exchange (security number 354151,
ISIN CH0003541510, Bloomberg FORN SW, Reuters FORN.S).
Contact person:
Karin Marti
Head Corporate Communications
Phone +41 58 787 25 41
www.forbo.com
www.forbo.com -> Sustainability
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End of Inside Information
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Language: English
Company: Forbo Holding AG
Lindenstrasse 8
6341 Baar
Switzerland
Phone: +41 58 787 25 25
Fax: +41 58 787 25 20
E-mail: info@forbo.com
Internet: www.forbo.com
ISIN: CH0003541510
Valor: 354151
Listed: SIX Swiss Exchange
EQS News ID: 1780949
End of Announcement EQS News Service
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1780949 24-Nov-2023 CET/CEST
