The Board of Directors and the Group Management of the Elma Group attach great importance to Corporate Governance in the interest of all its shareholders, customers, business partners and employees. Corporate Governance provides information on structures and processes, areas of responsibility and decision-making procedures as well as control mechanisms.
The Corporate Governance report describes the principles of management and control as they apply to the top decision-making bodies of the Elma Group. The information has been prepared in conformity with the Directive on Information Relating to Corporate Governance issued by SIX Exchange Regulation. The Elma Group complies with the Corporate Governance Directives of SIX Exchange Regulation which were last amended on May 1, 2018. The principles and rules of corporate governance practiced by the Elma Group are set out in the Company’s Articles of Association, the Company by-laws and the additional regulations of the Board of Directors. The Board of Directors reviews the content and current relevance of these regularly and makes any required additions or changes.
Corporate Governance Report
The Corporate Governance report is compiled and published once a year as part of the Annual Report. Available in German only
Code of Conduct and Anti Bribery
The values of the Elma Group reflect the culture and spirit of Elma, determine our behavior and how we want to be perceived by our colleagues, customers, shareholders, business partners and suppliers.
The Code of Conduct and Ethics as well as the Anti-Bribery and Corruption Policy describe our corporate culture and our joint values to which we commit ourselves worldwide. They are intended to assist our employees make the right decisions in compliance with the law and our corporate principles, even in difficult situations.
The Code of Conduct sets standards for ethical behavior in our professional life on the topics of human rights, compliance with local laws and insider trading. The Code of Conduct also regulates other areas such as the protection against discrimination and the reporting of misconduct.
We operate an ethically compliant business. Elma’s integrity and standing in the global market are vital to the protection, the further development of our brand and the sustainable growth of our business. We demand that intermediaries conducting services on behalf of Elma are loyal and will not bribe. We also commit to make no facilitation payments and to extend and accept gifts and invitations only if they are non-cash, customary and of modest value.
Board of Directors
Martin Wipfli
Chairman of the Board of Directors (since April 23, 2008), Swiss, 1963
Current activity
since 1998 Partner Baryon AG, Zurich
Education
Study of law at University of Berne (lic. iur.)
Admitted to practice law in the Canton of Uri
Career
1990 to 1995 Tax consultant ATAG Ernst & Young AG, Zurich
1995 to 1997 Head of tax department Bank Leu AG, Zurich
1997 to 1998 Partner Tax Partner AG, Zurich
Official functions / political offices
since 2013 Head of the Municipal Council of Feusisberg
since 2016 Chairman of the Association of Municipalities and Districts of the Canton of Schwyz
Walter Häusermann
Member, Chairman of Audit Committee, Swiss, 1965
Current activity
since 12/2023 CFO Sight & Life Stiftung, Kaiseraugst
Education
Studies at London School of Economics (MSc Finance and Accounting) and at University of Berne (lic. phil. hist.)
Career
1991 to 1994 Activities in investment banking Credit Suisse
1994 to 1997 Corporate Treasury/Head of Financial Controlling he Swatch Group Ltd, Biel
1997 to 2000 Finance and Operations Manager Calvin Klein watch brand
2000 to 2002 Finance Director Expo.02
2003 to 2010 Self-employed management consultant
2010 to 2023 President and Delegate FJD Feine Juwelen Distributions AG, Schaffhausen
Bruno Cathomen
Member, Chairman of Compensation Committee, Swiss, 1967
Current activity
Since 2021 CEO EAO AG, Olten
Education
Master in Management and Technology ETH Zurich, Switzerland
Career
1994 to 2001 Different Activities at ABB
2001 to 2009 Several leadership positions in Industrial Electronics and
Communication Networks at Elcoteq Network Cooperation
2009 to 2018 COO Mikron Machining
2011 to 2021 CEO Mikron Group
Andy Egger
Member, Swiss, 1984
Current activity
Since 2016 CEO Real Estate Digital AG, Zürich
Education
Master of Arts (UZH), Economics & Business Administration
Certified Planer Marketing Communication
Career
2007 Planer Marketing Communication Contexta AG, Zurich
2008 Marketing Datahouse AG, Zurich
2011 to 2013 HR Marketing & Recruiting KPMG Switzerland, Zurich
2013 to 2014 Project Manager Real Estate Digital AG, Zurich
2014 to 2016 COO Real Estate Digital AG, Zurich
Group Management
Thomas Herrmann
CEO Elma Group, Swiss, 1971
Education
Master of Science in Mechanical Engineering ETH Zurich, Switzerland
Executive MBA at University of Toronto, Canada and University of St. Gallen, Switzerland
Career
1999 to 2003 Commissioning Manager at ABB / Alstom
2003 to 2009 Regional Sales Manager Ibero-Americas and Russia / CIS at Alstom
2009 to 2015 Several Leadership positions BU Industrial Power at Alstom
2015 to 2020 General Manager for BU Industrial Power Solutions at GE and Baker Hughes
Since 4/2020 CEO Elma Group
Edwin Wild
CFO Elma Group, Swiss, 1958
Education
Swiss Certified Expert for Accounting & Controlling
Career
1980 to 1986 External Auditor Curator Revision AG, Zurich
1986 to 1987 Internal Auditor F. Hofmann-La Roche Co.Ltd, Basel
1987 to 1992 Kühne & Nagel Management AG, Schindellegi SZ
1987 to 1989 Head Corporate Controlling
1989 to 1992 Head Internal Audit
1993 to 2008 Director Finance & Administration ETA (Thailand) Co., Ltd,
Samut Prakan, Thailand
- Director Swatch Group Trading (Thailand) Co., Ltd, Bangkok
- Director Wachirapani Co., Ltd, Bangkok
Since 2008 CFO Elma Group