All agenda items approved at the Annual General Meeting 2016 - Sulzer Shareholders Approve Special Dividend of CHF 14.60 per Share Donnerstag, 07. April 2016 - 14:29

472 shareholders attended the 102nd Annual General Meeting, representing 81.0% of the share capital.

Peter Löscher, Chairman of the Board of Directors, who led the Annual General Meeting, emphasized in his speech to the shareholders: “Its core competencies, its innovative capacity, and its engineering expertise will allow Sulzer to overcome the current challenges as an even stronger company. By relentlessly pursuing the implementation of our Sulzer Full Potential program and addressing global megatrends in an innovative way, we set the foundation for sustainable success.”

The shareholders approved the Sulzer Annual Report 2015, including the Annual Accounts and Consolidated Financial Statements as well as the appropriation of net profits. Sulzer’s Board of Directors held a non-binding advisory vote on the Compensation Report, which was also approved by the shareholders. 

A dividend of CHF 18.10 per share, consisting of an ordinary dividend of CHF 3.50 per share as well as a special dividend of CHF 14.60 per share, will be paid out. The ex-dividend date will be April 11, 2016. Discharge was granted to all members of the Board of Directors and the Executive Management. KPMG was re-elected for a one-year term as auditors. Proxy Voting Services was elected for a one-year term as the independent proxy.

Peter Löscher was re-elected as a member and Chairman of the Board of Directors for a one-year term. Matthias Bichsel, Thomas Glanzmann, Jill Lee, Gerhard Roiss, and Marco Musetti were re-elected as members of the Board of Directors for another one-year term of office. Klaus Sturany did not stand for re-election. The Board of Directors thanked Klaus Sturany for the great effort and commitment he has dedicated to Sulzer over the years.

Axel C. Heitmann, 56, German, and Mikhail Lifshitz, 52, Russian, were elected as new members of the Board of Directors for a one-year term of office. Both are broadly experienced on an operational leadership level and as board members in an international environment. 

The shareholders re-elected Thomas Glanzmann, Marco Musetti, and Jill Lee as members of the Nomination and Remuneration Committee, all for a one-year term of office.

After the Annual General Meeting, the Board of Directors elected Matthias Bichsel as its Vice Chairman and defined the new composition of all committees:

• Audit Committee: Jill Lee (Chairwoman), Thomas Glanzmann, Axel C. Heitmann.
• Strategy Committee: Peter Löscher (Chairman), Matthias Bichsel, Mikhail Lifshitz, Gerhard Roiss.
• Nomination and Remuneration Committee: Thomas Glanzmann (Chairman), Jill Lee, Marco Musetti.