Landis+Gyr Publishes Annual Report 2024 and Invitation to AGM 2025

Cham, Switzerland – May 28, 2025 – Landis+Gyr Group AG (SIX: LAND), a leading global provider of integrated energy management solutions, today published its Annual Report 2024, which is available on the Company’s website (https://investors.landisgyr.com/annual-report/2024/). The report provides comprehensive information about the Group’s business and financial performance, corporate governance, remuneration, and sustainability achievements in the financial year 2024 (April 1, 2024 – March 31, 2025).

In addition, Landis+Gyr today issued the invitation to the Annual General Meeting (AGM) to be held on June 25, 2025, in Steinhausen, which is available on the Company’s website (www.landisgyr.com/agm). As communicated on May 2, 2025, the Board of Directors proposes, amongst other items, a distribution from statutory capital reserves of CHF 1.15 per share.

Changes to the Board of Directors
After more than 25 years of close involvement with Landis+Gyr, including the past eight years as Chair of the Board, Andreas Umbach has decided not to stand for re-election at the upcoming AGM, as communicated on January 9, 2025. The Board of Directors proposes Audrey Zibelman, independent member and currently Vice-Chair of the Board of Directors, for election as the new Chair.

Peter Mainz, CEO of Landis+Gyr since November 2024, will also not stand for re-election as a member of the Board of Directors at this year’s AGM in order to focus entirely on his responsibilities as Chief Executive Officer during the pivotal phase of strategic transformation.

The Board of Directors proposes that the AGM elects Brett Carter and Steve Louden, both US citizens, as new Members of the Board of Directors.

Brett Carter offers extensive leadership experience in the energy and utility industry, most recently as Executive Vice President and Chief Customer Officer at Xcel Energy. His expertise spans customer operations, innovation, and utility strategy, developed through senior roles at Duke Energy and Bank of America. Brett’s deep industry knowledge and operational leadership strongly complement Landis+Gyr’s enhanced focus on the Americas region.

With extensive experience as CFO at Roku and senior financial roles at Expedia and Washington Mutual, Steve Louden brings deep expertise in financial management, strategy, and capital markets. His proven track record in guiding technology businesses, including successfully leading Roku through its IPO and subsequent expansion, aligns strongly with Landis+Gyr's strategic objectives, particularly as the Company is working towards a US listing.