Landis+Gyr Appoints Peter Mainz as New CEO to Drive Strategic Leadership

Landis+Gyr Appoints Peter Mainz as New CEO to Drive Strategic Leadership

(IN BRIEF) Landis+Gyr Group AG has appointed Peter Mainz as its new CEO, effective immediately, succeeding Werner Lieberherr, who will retire in 2025. Mainz, a member of Landis+Gyr’s Board since 2018 and former CEO of U.S. smart metering leader Sensus, brings extensive industry expertise to the role. He will remain a delegate on the Board of Directors while stepping down from other committee roles. The Board expressed confidence in Mainz’s leadership to ensure continuity and drive Landis+Gyr’s strategic and financial objectives in the global energy management sector.

(PRESS RELEASE) CHAM, 22-Nov-2024 — /EuropaWire/ — Landis+Gyr Group AG (SIX: LAND) has announced the appointment of Peter Mainz as its new CEO, effective immediately. Mainz, a seasoned leader in the smart metering industry and a member of Landis+Gyr’s Board of Directors since 2018, succeeds Werner Lieberherr, who is set to retire in spring 2025.

The Board of Directors expressed confidence in Mainz’s leadership, citing his extensive experience as the former President and CEO of Sensus, a leading U.S. smart metering company, and his deep understanding of global industry challenges. In addition to assuming the CEO role, Mainz will remain on the Board of Directors as a delegate, though he will step down as Chairman of the Remuneration Committee and as a member of the Audit, Finance & Risk Committee to focus on his new responsibilities.

“Peter Mainz brings invaluable expertise and continuity to the leadership of Landis+Gyr during this pivotal time for the company,” the Board stated. “His proven track record and industry knowledge ensure that Landis+Gyr is well-positioned to navigate its strategic and financial objectives.”

The appointment aligns with the company’s commitment to maintaining stability and consistency in its financial and strategic plans while advancing innovation in energy management solutions globally. Mainz’s familiarity with Landis+Gyr’s operations and his industry insight are expected to strengthen the company’s competitive edge in the smart metering market.

This leadership transition marks a key step for Landis+Gyr as it continues to focus on delivering long-term value to stakeholders while addressing the evolving challenges of the global energy landscape.

About Landis+Gyr

Landis+Gyr is a leading global provider of integrated energy management solutions. We measure and analyze energy utilization to generate empowering analytics for smart grid and infrastructure management, enabling utilities and consumers to reduce energy consumption. Our innovative and proven portfolio of software, services and intelligent sensor technology is a key driver to decarbonize the grid. Having avoided around 9 million tons of CO2 in FY 2023, Landis+Gyr manages energy better – since 1896. With sales of USD 2.0 billion in FY 2023, Landis+Gyr employs around 6,700 talented people across five continents. For more information, please visit our website www.landisgyr.com.

Media Contact:

Christian Waelti
Head of Investor Relations
Phone +41 41 935 6331
Christian.Waelti@landisgyr.com

SOURCE: Landis+Gyr