The Corporation

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

The Georg Fischer Corporation currently employs about 13 500 people.
The table below shows how the workforce has developed in recent years:

Georg Fischer ist ein weltweit tätiger Industriekonzern, fokussiert drei Kernbereiche:

• Piping systems for the transport of water, gas and other media
• Castings made of light metal and iron for the automotive industry worldwide
• Electro-discharge and high speed milling machines as well as precision parts for countless different applications

The Georg Fischer Corporation has three Corporate Groups:

• 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 AgieCharmilles, 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.
  

The company has more than 125 sites including 48 production facilities and a direct presence in 32 different countries worldwide.

• We put customers first
• We act fast
• We do what we say
• We reward performance
• We respect people

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.

The Georg Fischer Corporation Board of Directors (as at March 2012)

The Executive Committee consists of five members. As President and CEO, Yves Serra is responsible for the management of the entire Georg Fischer 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

Pietro Lori, GF Piping Systems

Josef Edbauer, GF Automotive

Pascal Boillat, GF AgieCharmilles

Roland Abt, CFO and Head of Corporate Finance and Controlling

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.
  
  Rudolf Huber, Chairman
  Gerold Bührer
  Kurt E. Stirnemann
  
  
• 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.
  
  Ulrich Graf, Chairman
  Isabelle Welton
  Zhiqiang Zhang
  
  
• 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
  Jasmin Staiblin

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

Previously the consolidated financial statements were prepared according to the international accounting standards IAS - today's IFRS - between 1993 and the fiscal year 2012.