Mettler-Toledo announced that Robert F. Spoerry will retire and not stand for re-election to the Board of Directors at the annual meeting of shareholders on May 9th, 2024. Mr. Spoerry served Mettler-Toledo for 40 years, including as the CEO from 1993 until 2007, and Chair of the Board of Directors since 1998, shortly after its IPO. Roland Diggelmann, an Independent Director of the Board, will be nominated to replace Mr. Spoerry as Chair of the Board of Directors in May 2024. Spoerry stated, “It has been a great privilege to have worked with the team at Mettler-Toledo. This is the right time for a transition after enacting a carefully prepared succession and Board refreshment plan over the last few years. I am confident that this unique company is in an excellent position to build on its strong track record by leveraging its customer centric and innovation culture, and relentless drive for continuous improvement.”
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