CFO Andrea Borla to leave LEM by end of November 2024
LEM HOLDING SA / Key word(s): Miscellaneous
CFO Andrea Borla to leave LEM by end of November 2024
13-Jun-2024 / 07:00 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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Geneva, 13 June 2024 - LEM (SIX: LEHN), a global leader in electrical
measurement for automation, e-mobility, renewable energy, power network and
railroad applications, announces that its CFO Andrea Borla will step down at
the end of November 2024 after nine years as Chief Financial Officer and
Member of the Executive Board. He is leaving LEM to pursue a next career
step with a renowned worldwide leading and privately held Swiss company.
Over the past nine years, Andrea Borla has played a significant role in the
business transformation of LEM Holding, leading to important achievements
and milestones. Andreas Hürlimann, Chairman of the Board of Directors of LEM
Holding, stated: 'We regret that Andrea Borla is leaving our company. As
Chief Financial Officer he made significant contributions to the successful
transformation of the company, not only ensuring financial stability and
efficiency, but also actively contributing to the strategic direction of
LEM. Furthermore, his compelling work as a link to the capital market and
the financial media was highly valuable to LEM.'
The Board of Directors and executive management team at LEM Holding extend
their gratitude to Andrea Borla for the successful collaboration during his
tenure and wish him all the best in his new role. The succession process has
been launched.
From 1 December 2024, Thomas Mellano will lead the finance organization on
an interim basis. Thomas Mellano (49) is an experienced finance professional
who has worked for LEM in various functions such as consolidation &
reporting and treasury.
LEM - Life Energy Motion
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A leading company in electrical measurement, LEM engineers the best
solutions for energy and mobility, ensuring that our customers' systems are
optimized, reliable and safe.
Our 1'800 people in 17 countries transform technology potential into
powerful answers. We develop and recruit the best global talent, working at
the forefront of megatrends such as renewable energy, mobility, automation
and digitization. With innovative electrical solutions, we are helping our
customers and society accelerate the transition to a more sustainable
future.
Listed on the SIX Swiss Exchange since 1986, the company's ticker symbol is
LEHN.
www.lem.com
Investor contact Andrea Media contact Dynamics Group Thomas Balmer,
Borla, Chief Finance +41 79 703 87 28, (1)tba@dynamicsgroup.ch
Officer +41 22 706 1250 Christian Wolf, +41 79 457 72 05,
(1)investor@lem.com 1. (2)cwo@dynamicsgroup.ch 1.
mailto:investor@lem.com mailto:tba@dynamicsgroup.ch 2.
mailto:cwo@dynamicsgroup.ch
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End of Inside Information
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Language: English
Company: LEM HOLDING SA
Route du Nant-d'Avril 152
1217 Meyrin
Switzerland
E-mail: investor@lem.com
Internet: www.lem.com
ISIN: CH0022427626
Listed: SIX Swiss Exchange
EQS News ID: 1923959
End of Announcement EQS News Service
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1923959 13-Jun-2024 CET/CEST