05.03.2020 – BELIMO Holding AG

Belimo Holding AG: Change in the Group Executive Committee of the Belimo Group

Belimo Holding AG / Key word(s): Personnel
Belimo Holding AG: Change in the Group Executive Committee of the Belimo

05-March-2020 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.


Hinwil (Switzerland), EMBARGOED UNTIL March 5, 2020, 7.00 a.m. CET

Press Release of the Belimo Group

Change in the Group Executive Committee of the Belimo Group

Peter Schmidlin, Chief Innovation Officer (CINO) and Head of Group Division
Innovation, leaves the Group Executive Committee of the Belimo Group by
mutual agreement with immediate effect. He takes on the functional
responsibility of an important long-term platform project within the Group
Division Innovation as a new challenge.

Peter Schmidlin has been employed by Belimo in various positions since May
1988. He was Head of Group Division Innovation since 2008 and was appointed
Chief Innovation Officer (CINO) in July 2015. In these positions, Peter
Schmidlin has shaped the Group Division Innovation, as well as the range of
products with strong commitment and long-term vision and contributed
significantly to the success of Belimo.

The Board of Directors will inform about the succession in due course. Louis
Scheidegger, Head of Group Division Production, will head the Group Division
Innovation ad interim.

The Board of Directors thanks Peter Schmidlin for his many years of
contribution to the Group Executive Committee and wishes him every success
and fulfillment in his new challenge.

The Belimo Group is a leading global manufacturer of innovative electrical
actuator, valve, and sensor solutions for heating, ventilation, and air
conditioning systems. The Company reported sales of CHF 693 million in 2019
and has approximately 1,900 employees. Information about the Company and its
products is available on the internet at www.belimo.com.

The shares of BELIMO Holding AG have been traded on the SIX Swiss Exchange
since 1995 (BEAN).

   Contact      Lars van der Haegen, CEO                       +41 43 843 62 82
   Agenda       Publication of Annual Report 2019 /            March 9, 2020
                Media and Financial Analysts Conference
                Annual General Meeting 2020                    March 30, 2020


End of ad hoc announcement