The Corporation

When was GF founded?

The company was founded in Schaffhausen, Switzerland in 1802 by Johann Conrad Fischer and became a joint-stock company a hundred years later. GF has been listed on the Swiss Stock Exchange (now SIX Swiss Exchange) since 1931.

How many employees work for GF Corporation?

The GF Corporation currently employs about 14 400 people.
The table below shows how the workforce has developed in recent years:

Year Number of employees
2015 14 424
2014 14 140
2013 14 066
2012 13 412
2011 13 153
2010 12 908
2009 12 481
2008 14 326
2007 12 986
2006 12 385
2005 12 403
2004 13 324
2003 13 247
2002 13 737
Where do these employees work?
  Number of employees Percentage of total
Germany 3 382 23
Switzerland 2 642 18
Austria 1 830 13
Rest of Europe 929 6
Europe, total 8 783 60
Asia 3 502 25
Americas 1 262 9
Rest of world 877 6
Corporation total 14 424 100
Which divisions belong to the GF Corporation and what are their core-businesses?

The GF Corporation has three divisions:

  • GF Piping Systems, which is a leading supplier of plastic and metal piping systems, whose range includes both complete systems and components for the transportation of water, gas and other media for industry, utilities and domestic installations.

  • GF Automotive, which is a manufacturer and development partner for castings made of iron and light metal for the automotive industry worldwide.

  • GF Machining Solutions, which produces electric discharge machines (EDM) and high-speed milling machines as well as the necessary automation and peripherals, making it one of the world’s leading system suppliers for mould and tool-making machines.
How many sites and production locations does GF have?

The company has more than 121 sites including 45 production facilities and a direct presence in 32 different countries worldwide.

What are GF’s principles and values?
  • We put customers first
  • We act fast
  • We do what we say
  • We reward performance
  • We respect people
Who is on the Board of Directors?

The Board of Directors is made up of ten people. Its duties and responsibilities are defined by the Swiss Code of Obligations, the Articles of Association and the Corporation’s own code of conduct and organizational rules.

Board of Directors
(as at March 2015)

Name Born in   Position
Andreas Koopmann 1951 Chairman
President Nomination Committee
Gerold Bührer 1948 Vice Chairman
Member Audit Committee
Hubert Achermann 1951 Chairman Audit Committee
Roman Boutellier 1950 Member Nomination Committee and Compensation Committee
Riet Cadonau 1961 Member Board of Directors
Roger Michaelis 1959 Member Audit Committee
Eveline Saupper 1958 Chairman Compensation Committee
Jasmin Staiblin 1970 Member Compensation Committee
Zhiqiang Zhang 1961 Member Nomination Committee
Who belongs to the Executive Committee?

The Executive Committee consists of five members. As President and CEO, Yves Serra is responsible for the management of the entire GF Corporation and at the same time Head of Corporate Development. He is supported in this by the heads of the three Corporate Groups and the CFO and Head of Corporate Finance and Controlling.

Executive Committee:

Yves Serra, CEO and at the same time Head of Corporate Development

Joost Geginat, GF Piping Systems  

Josef Edbauer, GF Automotive

Pascal Boillat, GF Machining Solutions

Roland Abt, CFO and Head of Corporate Finance and Controlling

Does the Board of Directors have any committees to support it and if so, which?

The Board of Directors has set up three standing committees to assist it in the performance of its duties:

  • The Audit Committee assists the Board of Directors with its auditing work and financial reporting. It monitors all internal and external auditing and evaluates how well the internal controlling system – including risk management and compliance with statutory requirements – is working. The committee is kept informed of all transactions and reads the notes and auditors’ reports of the Georg Fischer Corporation staff pension funds. It also comments on the Corporation’s capital transactions involving both internal and external funds.

    Hubert Achermann, President
    Gerold Bührer
    Roger Michaelis

  • The Compensation Committee assists the Board of Directors with the definition of a compensation policy for senior management and decides how members of the Executive Committee are to be remunerated.

    Eveline Saupper, Chairman
    Roman Boutellier
    Jasmin Staiblin

  • The Nomination Committee supports the Board of Directors in its efforts to nurture the next generation of managers and helps with the selection of suitable candidates for both the Board of Directors and the Executive Committee.

    Andreas Koopmann, Chairman
    Roman Boutellier
    Zhiqiang Zhang
According to which accounting standards does the GF Corporation prepare its financial statements?

The consolidated statement of the GF Corporation is prepared according to Swiss GAAP FER as of the fiscal year 2013 and complies with the requirements of Swiss law.

Previously the consolidated financial statements were prepared according to IFRS (formerly IAS) between 1993 and the fiscal year 2012.

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