Belimo's Board of Directors and the Group Executive Committee consider Corporate Governance as being an integral part of its corporate leadership. Transparency and clear-cut responsibilities are the main pillars of our Corporate Governance principles in accordance with principles and regulations of the Swiss stock exchange SIX Swiss Exchange, in particular the Directive Corporate Governance and the Swiss Code of Best Practice published by economiesuisse.
More detailed information on Corporate Governance is available below or in the annual report.
- Board of Directors
- Group Executive Committee
- Group Structure
The Board of Directors is the most senior management body in the Group. It is empowered to make decisions in respect of all matters that are not reserved for the annual general meeting by law or in accordance with the articles of incorporation, or that the Board has not delegated to another body by regulation or resolution.
The Board of Directors comprises a total of five members:
Prof. Dr. Hans Peter Wehrli, Chairman
Hans Peter Wehrli (1952) was elected to the Board of Directors for the first time at the 1995 Annual General Meeting and as Chairman of the Board at the 1997 Annual General Meeting. He is a member of the Appointment Committee (lead) and a member of the Audit Committee.
Hans Peter Wehrli is an Ordinary Professor for Business Administration at the Faculty of Business, Economics and Informatics at the University of Zurich, where he holds the chair for Marketing. He graduated and received his doctorate in economics. Hans Peter Wehrli is a Swiss citizen. He is a member of the Board of Directors of Datacolor AG, Lucerne, a member of the Board of Directors of Berne Building Insurance (GVB), Ittigen and Chairman of the Board of Directors of Swiss Prime Site AG, Olten.
Dr. Martin Zwyssig, Deputy Chairman
Martin Zwyssig (1965) was elected to the Board of Directors for the first time at the 2011 Annual General Meeting. He is Deputy Chairman of the Board and a member of the Audit Committee (lead).
Martin Zwyssig was appointed as Chief Financial Officer (CFO) to the Group Executive Board of Autoneum Holding AG, Winterthur in 2014. Before, he served as Group CFO of Ascom Holding AG, Baar from 2008 to 2013, and as Group CFO of Schaffner Holding AG, Luterbach from 2003 to 2008. From 2001 to 2002, he was the Senior Deputy President of Finance & Controlling at EMS-TOGO Group, Romanshorn. Before, he was Divisional Controller at Sarna Kunststoff Holding AG, Sarnen. Martin Zwyssig graduated in Business Administration, specializing in Accounting & Finance, and received his doctorate in Business Administration at the University of St. Gallen (HSG). Martin Zwyssig is a Swiss citizen.
Prof. Adrian Altenburger, Member
Adrian Altenburger (1963) was elected to the Board of Directors for the first time at the 2015 Annual General Meeting. He is a member of the Remuneration Committee.
Adrian Altenburger graduated as engineer for heating, ventilation and air conditioning (HVAC engineer HTL) and holds a master's degree in architecture from ETH Zurich (MAS Arch. ETH). In 2015 he was appointed Professor at the Lucerne University of Applied Sciences, School of Engineering & Architecture, and Head of the institute of Building Technology and Energy. Before, he was Partner, a member of the Group Executive Committee and a member of the Board of Directors of the engineering company Amstein + Walthert AG, Zurich. Adrian Altenburger is a Swiss citizen. At Zurich-based Swiss Society of Engineers and Architects (SIA) he is Deputy Chairman and Chairman of the central Standardization Committee. At Winterthur-based Swiss Association for Standardization (SNV) he is Deputy Chairman. He is also a member of the Technical Committee 9.9 at ASHRAE American Society of Heating, Refrigeration and Air Conditioning Engineers.
Patrick Burkhalter, Member
Patrick Burkhalter (1962) was elected to the Board of Directors for the first time at the 2014 Annual General Meeting. He is a member of the Appointment Committee and a member of the Remuneration Committee.
Patrick Burkhalter began his career at Ergon Informatik AG, Zurich as a software developer. From 1992 to 2016, he was appointed Chief Executive Officer and was elected to the Board of Directors. Since 2016, he is Chairman of the Board. Patrick Burkhalter graduated in economics. He is a Swiss citizen. Patrick Burkhalter is a member of the Board of Trustees of U. W. Linsi Foundation, Stäfa and Chairman of the Board of Directors of Ochsenkultur AG, Wetzikon. He is member of the Board of the ICTswitzerland, an association of the Swiss ICT Industry.
Martin Hess, Member
Martin Hess (1948) was elected to the Board of Directors for the first time at the 2007 Annual General Meeting. He is a member of the Remuneration Committee (lead) and a member of the Appointment Committee.
Martin Hess was Chief Executive Officer until 2012 and Chairman of the Board of Directors until 2013 of HEFTI. HESS. MARTIGNONI. Holding AG, Aarau, an electrical engineering company focusing on buildings and infrastructure. Martin Hess is a Swiss citizen. He graduated as electrical engineer (HTL / SIA). Martin Hess is Deputy Chairman of the Board of Directors of Ernst Schweizer AG, Hedingen, a metal engineering company.
The Board of Directors has established two permanent committees:
- the audit committee, which reviews adherence to regulations and instructions and proposes the persons or firms to be appointed as statutory auditors,
- the remuneration committee, which draws up proposals regarding the remuneration of the Board of Directors and the Group Executive Committee.
A further committee is convened as and when required to manage the process of appointing a Board member or a member of the Group Executive Committee.
The duties of the audit, remuneration and appointment committee primarily comprise evaluation, advisory and supervisory functions for the Board of Directors. The committees have no decision-making powers. They meet periodically or when required. The Board of Directors elects the members of the committees yearly.
The Group Executive Committee manages the operations and deals with all transactions that are of significant importance to the Belimo Group. The Group Executive Committee consists of the following members:
Lars van der Haegen, Chief Executive Officer
Lars van der Haegen was appointed CEO of the Belimo Group and Head of the Group Executive Committee in July 2015. Prior, he held various management positions at Belimo: Head of Product Management Air Volume Control Europe from 2000 to 2002, Head of Product Management and Marketing at Belimo Americas in Danbury, CT (USA) from 2003 to 2006, Managing Director of Belimo Italy from 2007 to 2010 and Head of Americas and Member of the Group Executive Committee from 2011 to June 2015. Lars van der Haegen is a Building Technology Designer who holds Master degrees from both Columbia Business School in New York and London Business School.
Beat Trutmann, Chief Financial Officer
Beat Trutmann was appointed CFO of the Belimo Group and Member of the Group Executive Committee in January 2003. Prior, he was Auditor with Coopers&Lybrand in Zurich and San Francisco, where he also became a Certified Public Accountant. From 1988 to 1992 he was Controller at the MAAG Gear-Wheel & Machine Co. Group in Zurich and from 1992 to 2000 Head of Finance and Accounting at the environment technology company Elex AG in Schwerzenbach/Zurich. From 2000 to 2003 he was CFO and Member of the Group Executive Board of the medical technology company Disetronic Holding AG in Burgdorf, Switzerland. Beat Trutmann holds a degree in economics from the University of Zurich and attended the University of Stanford Executive Program in 2005.
Gary Economides, Head of Asia Pacific
Gary Economides was appointed Head of Asia Pacific and Member of the Group Executive Committee in November 2012. Prior, he was a Product Manager at Staefa Control Systems in Sydney from 1994 to 1997, served in various management roles at Siemens Building Technologies in Hong Kong from 1998 to 2005, and was Managing Director of Carel Asia in Hong Kong from 2005 to 2009, and CEO of Carel Electronic in Suzhou, China from 2009 to 2012. He has a Bachelor Degree of Engineering, Mechanical from the University of Technology Sydney and a MBA from the University of New South Wales, Australian Graduate School of Management.
Lukas Eigenmann, Head of Europe
Lukas Eigenmann was appointed Head of Europe and Member of the Group Executive Committee in July 2010. He joined the company in 1984. From 1990 on, he held various management positions at Belimo, until 1991 in Danbury, CT (USA) and from 1994 – 1996 in Vienna. From 2002 to 2010 he was Managing Director in Stuttgart. He is an Electronics Technician TS.
James W. Furlong, Head of Americas
James W. Furlong was appointed Head of Americas and Member of the Group Executive Committee in March 2016. Prior, he held managing positions with the building equipment provider York International from 1991 to 1999, and with Baltimore Aircoil Company from 1999 to 2008. From 2008 to 2016, he was Vice President Industrial Refrigeration at Johnson Controls. He holds a Bachelor’s Degree in Chemical Engineering from Manhattan College and MBA from Loyola University in Maryland.
Peter Schmidlin, Chief Innovation Officer
Peter Schmidlin was appointed Head of Innovation and Member of the Group Executive Committee in August 2000. Prior, he held various positions in Belimo’s R&D department in Hinwil, Switzerland, from 1988 to 2000. Peter Schmidlin holds a Master’s degree in electronic engineering from ETH Zurich and an MBA degree from the IMD Buisness School of Lausanne. He is Chairman of the Board of Trustees of the U.W.Linsi Foundation in Staefa, Switzerland.
The Belimo Group is organized into Markets (Europe, Americas, Asia Pacific), Innovation, Production, Customizing & Distribution and Finance & Business Services. The operational Group structure is shown in the organizational chart below.
Period of Appointment and Period of Office of the Auditor in Charge
KPMG AG, Badenerstrasse 172, Zurich, has been the Group auditor of the Belimo Group and the statutory auditor of BELIMO Holding AG since 2004. The statutory auditors are elected by the annual general meeting for one financial year. The auditor in charge since 2013 is Jürg Meisterhans. In compliance with the term of office regulations stipulated by the Swiss Code of Obligations, a new lead auditor will be in charge for the 2020 financial year at the latest.