Ad hoc announcement pursuant to Art. 53 LR
November 16, 2021Sulzer Chairman of the Board Peter Löscher not standing for re-election in 2022
The long-serving Chairman of Sulzer Ltd, Peter Löscher, who has led the Board of Directors since 2014, will not stand for re-election at the 2022 Annual General Meeting.
Over the past eight years, Peter Löscher has not only strategically realigned the company by significantly reducing its exposure to oil and gas, but with his swift and decisive actions he has also prevented Sulzer from becoming inoperative following the US economic sanction regime in 2018.
The Board of Directors will pay tribute to Peter Löscher's achievements at a later date but thanks him already today for his lasting contribution to the development of the company. The Board of Directors will inform on the succession plan in due time.
This document may contain forward-looking statements including, but not limited to, projections of financial developments, market activity, or future performance of products and solutions containing risks and uncertainties. These forward-looking statements are subject to change based on known or unknown risks and various other factors that could cause actual results or performance to differ materially from the statements made herein.
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Domenico Truncellito
Group Head of External Communications
Sulzer Management Ltd
8401 Winterthur
Switzerland
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Thomas Zickler
Chief Financial Officer
Sulzer Management Ltd
8401 Winterthur
Switzerland