Andreas Koopmann, Chairman of the Board of Directors of Georg Fischer Ltd., will not stand for re-election at the next Annual Shareholders' Meeting on 15 April 2020. Roman Boutellier will step down as Board member reaching the official retirement age. The GF Board of Directors will propose Yves Serra for election as new Chairman and Peter Hackel as new Board member. In addition, the Board of Directors appointed Ivan Filisetti as new President of GF Machining Solutions and member of the Executive Committee of GF effective 1 July 2020. He will succeed Pascal Boillat, who will reach the retirement age in September. In its last meeting, the Board of Directors of GF has finalized several aspects of its long-term personnel planning which includes a rejuvenation of both the Board of Directors and Executive Committee: After ten years of service on the Board of Directors, of which eight years as Chairman, Andreas Koopmann (1951), has decided not to stand for re-election at the 2020 Annual Shareholders' Meeting (ASM). Yves Serra (1953) will be proposed to the shareholders at this year's ASM for election as Chairman of the Board of Directors. From 2008 to 2019, Yves Serra has been President and CEO of GF. Upon his retirement as CEO in 2019, he was elected to the Board of Directors and nominated Vice Chairman. Ivan Filisetti will assume his new position as President of the division and member of the Executive Committee as of 1 July 2020. Pascal Boillat will remain available for support until he reaches his official retirement age in September 2020.