Mettler-Toledo International Inc. Announces Change to Board of Directors
Mettler-Toledo International Inc. (NYSE:MTD) announced that Olivier Filliol will not seek re-election to the Board of Directors in May 2023. Filliol, who served as President and CEO from 2008 to 2021 and joined the Board in 2009, played a crucial role in the CEO transition to Patrick Kaltenbach. Board Chair Robert F. Spoerry expressed gratitude for Filliol's invaluable contributions, emphasizing his dedication over 25 years. Mettler-Toledo is recognized as a global leader in precision instruments, with strong market positions and a commitment to innovation in various industries.
- Olivier Filliol's leadership and contributions are recognized as highly valuable.
- Successful CEO transition to Patrick Kaltenbach enhances future performance.
- Concerns about potential experience gaps following Filliol's departure.
Columbus, OH, Nov. 23, 2022 (GLOBE NEWSWIRE) -- Mettler-Toledo International Inc. (NYSE:MTD) announced today that Olivier Filliol informed the Company that he will not stand for re-election to the Board of Directors in May 2023. Mr. Filliol joined the Board in 2009 and served as President and CEO from January 1, 2008 through March 31, 2021.
Robert F. Spoerry, Chair of the Board, stated, “We want to sincerely thank Olivier for his many highly valuable contributions, and we are grateful for the unique expertise that he has brought to the Company. Olivier was instrumental in ensuring a successful CEO transition to Patrick Kaltenbach, which positions the Company well to continue its successful track record. We are especially thankful for Olivier's service and great dedication over the last twenty-five years.”
METTLER TOLEDO (NYSE: MTD) is a leading global supplier of precision instruments and services. We have strong leadership positions in all of our businesses and believe we hold global number-one market positions in most of them. We are recognized as an innovation leader and our solutions are critical in key R&D, quality control, and manufacturing processes for customers in a wide range of industries including life sciences, food, and chemicals. Our sales and service network is one of the most extensive in the industry. Our products are sold in more than 140 countries and we have a direct presence in approximately 40 countries. With proven growth strategies and a focus on execution, we have achieved a long-term track record of strong financial performance. For more information, please visit www.mt.com.
FAQ
What is the reason for Olivier Filliol not standing for re-election in 2023?
What impact might Olivier Filliol's departure have on Mettler-Toledo?
When will Olivier Filliol's term on the Board end?
