The Board of Directors and the Group Executive Committee of Belimo 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:
Patrick Burkhalter, Chairman
Patrick Burkhalter (1962) was elected to the Board of Directors at the 2014 Annual General Meeting and as Chairman of the Board at the 2019 Annual General Meeting. He is a member of the Appointment 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 member of the Board of Directors, and from 2016 to 2018 he was its Chairman. The Swiss citizen holds a degree in business administration and informatics (lic. oec. publ.). Patrick Burkhalter is Chairman of the Board of Directors of Ochsenkultur AG, the owner of a cultural and gastronomic property in Wetzikon. He is member of the Board of the ICTswitzerland, an association of the Swiss ICT Industry and also acts as guest speaker at ETH Zurich.
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 and at Jobst Willers Engineering AG from Rheinfelden a Member of the Board of Directors.
Sandra Emme, Member
Sandra Emme (1972) was elected to the Board of Directors for the first time at the 2018 Annual General Meeting. She is a member of the Remuneration Committee.
Sandra Emme holds a Master of Arts degree in Business and International Management, which she received from the University of Applied Sciences Bremen, Germany, in 1995. She completed part of her studies at the Ecole Supérieure de Commerce in Marseilles, France. In 2015, she completed a further degree in Leading Digital Business Transformation at the IMD Business School in Lausanne and Singapore. She was co-founder of a start-up company in the IT sector, which was later successfully sold. Since 2011, she has been working in various roles for Google Switzerland GmbH, Zurich, and since 2014, she has been the Industry Head for Luxury and Finance in Global Business Development. Sandra Emme is also a lecturer in Leading Digital Business Transformation at the IMD Business School in Lausanne, Switzerland and since May 2018 member of the Board of Directors of Panalpina Welttransport (Holding) AG, Basel, Switzerland.
Urban Linsi, Member
Urban Linsi (1974) was elected to the Board of Directors at the 2019 Annual General Meeting.
Urban Linsi is Technician TS-Holzbau and has completed various training programs in the field of energy and sustainable construction. He is a Member of the Board of the U.W. Linsi Foundation as well as a Member of the group of shareholders Linsi. Also, Urban Linsi is a Member of the Sustainable Construction Network Switzerland (NNBS).
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.
Markus Schürch, Chief Financial Officer
Markus Schürch was appointed Member of the Group Executive Committee in September 2018 and succeeded Beat Trutmann as CFO of the Belimo Group in January 2019. Previously from 1999 to 2004, he was engaged as a consultant and project manager at McKinsey in Zurich. From 2004 to 2018 he worked at Landis+Gyr in Zug in various positions, most recently, from 2012 to 2018, as Senior Vice President & CFO for the EMEA (Europe, Middle East & Africa) region of Landis+Gyr. Markus Schürch has a doctorate and a degree in chemical engineering from ETH Zurich, Dr. sc. tech. ETH.
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.
Louis Scheidegger, Head of Group Division Production
Louis Scheidegger heads the Group division Production since 2008 and is thereby responsible for more than 400 employees and the entire purchasing volume. As of March 1, 2019 he has been appointed member of the Group Executive Committee. Louis Scheidegger, who has joined Belimo in 1991, studied Electrical Engineering at the Zurich University of Applied Sciences (ZHAW) in Winterthur. 2001 to 2002 he completed the International Senior Management Program at the St. Galler Business School and 2015 to 2016 the Asia Executive Certificate Program at the University of St. Gallen.
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.