Zug, 10 December 2024

MEDIA / INVESTOR RELEASE

Ad hoc announcement pursuant to Art. 53 LR

 

Change in management

Peter Spirig will leave the company after five years as CEO of the V-ZUG Group in the second quarter of 2025 after completion and communication of the 2024 annual results. His successor, Christoph Kilian, will take over on 1 April 2025 following an orderly handover and will continue to develop the business strategy of the V-ZUG Group and drive profitable growth in Switzerland and abroad. 

The Board of Directors of the V-ZUG Group would like to thank Peter Spirig for his achievements and outstanding commitment. Under his leadership, the V-ZUG Group has made significant progress, including the successful spin-off from the Metall Zug Group and the establishment of V-ZUG Holding AG as an independent, publicly listed company. The comprehensive, successful site transformation in Zug and the international positioning of the V-ZUG brand in all markets were further milestones in recent years.

Christoph Kilian has been a member of the Board of Management of Robert Bosch Power Tools GmbH since 1 January 2023. He is responsible for three global business units and the UX and Design departments. He was also responsible for the group’s global power tools accessories business from 2019 to 2023. After graduating from Ludwig-Maximilians-Universität Munich with a degree in Business Administration and completing a stint at the Bain & Company management consulting firm, he worked at BSH Hausgeräte GmbH in Germany and abroad from 2000 to 2019. His roles included various management positions with responsibility for global product groups, strategy and branding. In Christoph Kilian, the V-ZUG Group is delighted to have gained a leader with international pedigree – not to mention experience in Switzerland as well.

V-ZUG confirms the guidance published with the half-year results for 2024 and expects higher net sales and improved profitability for the full year 2024 compared to 2023 – both in absolute terms and relative to sales. V-ZUG remains committed to its medium-term targets due to investments in market positioning and development, production, and ongoing innovation and efficiency improvement projects.

Further information

Gabriele Weiher
Head of Investor and Media Relations
Tel.: +41 58 767 60 03

This ad hoc announcement is available at https://www.vzug.com/gb/en/investor-relations-news.
 

Key dates

Media release (PDF)

About the V-ZUG Group

“Bringing simplicity into your home and creativity into your kitchen.”

V-ZUG is Switzerland’s leading brand in household appliances and markets its products in selected premium markets abroad. V-ZUG has been developing and manufacturing kitchen and laundry appliances in Switzerland for over 110 years and offers a comprehensive service in all its markets. The SIBIRGroup AG, which focuses on the Swiss-wide provision of all-brand servicing and the retail of household appliances, is also part of the V-ZUG Group. The V-ZUG Group currently employs around 2,100 people.

V-ZUG Holding AG is listed in the Swiss Reporting Standard of SIX Swiss Exchange in Zurich and represented in the Swiss Performance Index (SPI) (securities number 54 248 374, ISIN CH0542483745, ticker symbol VZUG).

Legal notes

The expectations expressed in this ad hoc announcement/media/investor release are based on assumptions. Actual results may deviate from these assumptions. This ad hoc announcement is published in German and English. The German version is binding. V-ZUG Holding AG processes personal data in accordance with its privacy statement, which is available at https://www.vzug.com/gb/en/privacystatement.