Corporate Governance

Andreas Umbach, Chairman, is a Swiss and German citizen, born in 1963. Mr. Umbach has been the non-executive chairman of Landis+Gyr Group AG since the Company’s IPO in July 2017. From April 2017 until the IPO in July 2017 Mr. Umbach acted as executive chairman of the board of directors of Landis+Gyr AG, the operating subsidiary of the Company. Between 2002 and 2017 he served as President and CEO/COO of Landis+Gyr Group. Prior to serving as CEO, Mr. Umbach served as President of the Siemens Metering Division within the Power Transmission and Distribution Group and held other positions within Siemens. Mr. Umbach has been the chairman of the board of directors of SIG Combibloc Group AG (SIX: SIGN) since its IPO in September 2018. Mr. Umbach also holds directorships at non-publicly listed companies. He has been a board member of WWZ AG since 2013 and has been the chairman of the supervisory board of Techem Energy Services GmbH since 2018. Between 2012 and 2016 Mr. Umbach was a director at LichtBlick SE and between 2010 and April 2020 a director of Ascom Holding AG (SIX: ASCN). He has been the president of the Zug Chamber of Commerce and Industry since 2016. Mr. Umbach holds a Master of Business Administration from the University of Texas at Austin and a Master of Science (Diplom-Ingenieur) in Mechanical Engineering from the Technical University of Berlin.

Eric Elzvik, Lead Independent Director and Chairman of the Remuneration Committee, is a Swiss and Swedish citizen, born in 1960. He has been a member of the Board of Directors since 2017. Mr. Elzvik also currently serves as board member of AB Volvo (STO: VOLV), board member and chairman of the audit and compliance committee at LM Ericsson Telephone Company (STO: ERIC), chairman of IP-Only/Global Connect Group, board member of Fenix Marine Services, and board member of VFS Global. Between 2013 and 2017, Mr. Elzvik served as Chief Financial Officer and Member of the Group Executive Committee of ABB Ltd. Prior to his role as CFO of ABB, Mr. Elzvik served as Division CFO ABB Discrete Automation & Motion (2010-2013) and division CFO Automation Products Division (2006-2010) at ABB Ltd, Zurich. Earlier in his career, Mr. Elzvik had various positions within the ABB Group beginning 1984, including senior management positions within finance, mergers & acquisitions, and new ventures. Mr. Elzvik holds a Master of Business Administration (Civilekonom), Stockholm School of Economics, Sweden.

Peter Mainz, Independent Member, is an Austrian citizen, born in 1964. He has been a member of the Board of Directors since June 2018. He currently serves as Chairman of the Board at Metasphere Ltd. and as member of the Board at Metron Farnier. Mr. Mainz has been a Board member of Itron. Prior to this he served as President and CEO of Sensus and held other positions at Sensus including Executive VP of Operations and CFO. Earlier in his career he was in various positions at Invensys including VP Finance Metering Systems Division and was a controller at Schlumberger. He holds a Bachelor in Business Administration and Computer Science from the Johannes Kepler University Linz and an MBA from the Texas A&M University.

Peter Bason, representative of the Group’s largest shareholder KIRKBI Invest, is a Danish and US citizen, born in 1974. He has been a member of the Board of Directors since June 2023. Mr. Bason holds the position as Head of Long Term Equity at KIRKBI. He currently serves as board member at Armacell International S.A. and as chairman of the Board of Directors of Välinge Group AB. Prior to this, he was a Director at Altor Equity Partners (2009-2019) and an Associate Principal at McKinsey & Company (2002-2009). Mr. Bason holds a Master of Science in Financial Economics from the University of Aarhus.

Werner Lieberherr, CEO, is a Swiss and US citizen. Mr. Lieberherr was appointed Chief Executive Officer in April 2020. Prior to joining Landis+Gyr, Mr. Lieberherr led as President & Chief Executive Officer the MANN+HUMMEL Group (2018-19). Between 2010 and 2017, Mr. Lieberherr was President & Chief Executive Officer of publicly traded B/E Aerospace. Following the acquisition of B/E Aerospace by Rockwell Collins in April 2017, he accompanied the successful integration of the Group as EVP & COO and the acquisition of Rockwell Collins by United Technologies. Previously, Mr. Lieberherr spent 16 years in various management positions in the energy industry at ABB and Alstom Power. Werner Lieberherr holds a degree in Technical Management and Operations Research from ETH Zurich and a Master of Business Administration (MBA) from the Kellogg Graduate School of Management in Chicago.

Elodie Cingari, CFO, is a French citizen. Ms. Cingari was appointed Executive Vice President and CFO in November 2020. Elodie Cingari joined Landis+Gyr from Hoerbiger Group, where she was Group CFO and Member of the Executive Board. Prior to that, she spent 11 years working for Alstom and later General Electric following its acquisition of Alstom, where she held several global business CFO positions and played an instrumental role in the integration on the financial aspects, of the Grid business, the Power Service business and later the Steam Power business. Ms. Cingari spent the first 10 years of her career in Hewlett-Packard where she held different finance leadership roles. She holds degrees from several institutions including a Master of Business Administration from Bocconi University in Italy.

Sean Cromie, Head of Americas, is an Irish and US citizen. Mr. Cromie was appointed Executive Vice President and Head of Americas in 2021 after joining the company in June 2020 as Executive Vice President Supply Chain and Operations. Prior to joining Landis+Gyr, Mr. Cromie held various management positions in Europe and the US as President, General Manager, Managing Director and Business Unit Manager in the automotive supply and aircraft interiors equipment & services industries at publicly traded B/E Aerospace. Previously, Mr. Cromie spent 13 years in various management positions in the electronics manufacturing industry at Sanmina SCI and the natural resources industry at NACCO MHG. Sean Cromie holds a degree in Combined Sciences from Ulster University, Northern Ireland.

Bodo Zeug, Head of EMEA, is a German citizen. Mr Zeug was appointed Executive Vice President and Head of EMEA in September 2021. Bodo Zeug joined Landis+Gyr in October 2017 as Executive Vice President Supply Chain Management & Operation. In June 2020 he was promoted to the position of Executive Vice President Strategy.

Prior to this he spent six years as a management consultant with a focus on supply chain, R&D and operational restructuring. For CommScope he was running Operations and Supply Chain EMEA. Earlier in his career he spent 9 years in China as General Manager & VP with Flextronics and Product Line Manager for Siemens. He started his career in chipset and Firmware development at Ericsson.

He holds a Master of Electronic Engineering from the FAU Erlangen-Nürnberg as well as an MBA from the University of Hagen.