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    LAND   CH0371153492

LANDIS+GYR GROUP AG

(LAND)
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EQS-Adhoc : Landis+Gyr Appoints Bodo Zeug as New EVP EMEA

08/30/2021 | 12:17pm EST

EQS Group-Ad-hoc: Landis+Gyr Group AG / Key word(s): Miscellaneous Landis+Gyr Appoints Bodo Zeug as New EVP EMEA 30-Aug-2021 / 18:15 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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Cham, Switzerland - August 30^th, 2021 - The Board of Directors of Landis+Gyr Group AG (SIX: LAND) appointed today Bodo Zeug as Executive Vice President and Head of EMEA (Europe, Middle East & Africa) and a member of the Group Executive Management, effective September 1^st, 2021.

Since June 2020, Bodo Zeug holds the position of Executive Vice President Strategy. During this time, he was instrumental in shaping Landis+Gyr's corporate and business growth strategies, including partnerships, ventures and M& A. He joined Landis+Gyr in October 2017 as Executive Vice President Supply Chain Management and Operations, streamlining and significantly improving the Company's operational position.

Bodo Zeug, a German citizen, held various positions as General Manager, Portfolio Manager and Management Consultant in the electronics industry prior to joining Landis+Gyr. He is an experienced global leader with solid industry knowledge, strategic thinking and organizational acumen, skills that will be driving success in his new position as Head of EMEA. Further, Mr. Zeug holds a Master of Electronic Engineering from the FAU Erlangen-Nürnberg as well as an MBA from the University of Hagen.

Susanne Seitz, current Executive Vice President and Head of EMEA, will be leaving Landis+Gyr in order to pursue new professional challenges.

'Susanne has been instrumental in shaping the EMEA region and, on behalf of all of us at Landis+Gyr, I would like to thank her for her commitment and dedication over the past three years and wish her all the best for her future endeavors,' said Werner Lieberherr, Chief Executive Officer of Landis+Gyr Group AG. 'We are very pleased to announce Bodo's appointment as Head of EMEA and I look forward to working closely with him on driving success in our EMEA region. As a trusted member of Landis+Gyr's leadership team, Bodo will shape the future of our EMEA segment and ensure that we continue to transform the business model in the region while delivering leading-edge innovation to our customers.'

About Landis+Gyr Landis+Gyr is a leading global provider of integrated energy management solutions for the utility sector. Offering one of the broadest portfolios, we deliver innovative and flexible solutions to help utilities solve their complex challenges in Smart Metering, Grid Edge Intelligence and Smart Infrastructure. With sales of USD 1.4 billion in FY 2020, Landis+Gyr employs more than 5,000 people in over 30 countries across five continents, with the sole mission of helping the world manage energy better. For more information, please visit our website www.landisgyr.com.

Contact Media Melissa van Anraad Head of PR Phone +41 41 935 6398 Melissa.vanAnraad@landisgyr.com

Eva Borowski SVP Investor Relations & Corporate Communications Phone +41 41 935 6396 Eva.Borowski@landisgyr.com

Contact Investors Christian Waelti Head of Investor Relations Phone +41 41 935 6331 Christian.Waelti@landisgyr.com

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End of ad hoc announcement

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Language:     English 
Company:      Landis+Gyr Group AG 
              Alte Steinhauserstrasse 18 
              6330 Cham 
              Switzerland 
E-mail:       ir@landisgyr.com 
Internet:     www.landisgyr.com 
ISIN:         CH0371153492 
Valor:        37115349 
Listed:       SIX Swiss Exchange 
EQS News ID:  1229858 
 
End of Announcement EQS Group News Service 
=------------ 

1229858 30-Aug-2021 CET/CEST

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1229858&application_name=news

(END) Dow Jones Newswires

August 30, 2021 12:16 ET (16:16 GMT)

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Financials (USD)
Sales 2022 1 523 M - -
Net income 2022 50,6 M - -
Net Debt 2022 117 M - -
P/E ratio 2022 36,6x
Yield 2022 3,48%
Capitalization 1 865 M 1 866 M -
EV / Sales 2022 1,30x
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Nbr of Employees 5 000
Free-Float 88,8%
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Mean consensus HOLD
Number of Analysts 7
Last Close Price 64,69 $
Average target price 72,88 $
Spread / Average Target 12,7%
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Werner Lieberherr Chief Executive Officer
Elodie Cingari Chief Financial Officer & Executive Vice President
Andreas Vicente Umbach Executive Chairman
Eric A. Elzvik Lead Independent Director
Andreas Stanley Spreiter Independent Director
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