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2016-05-19

Grundfos: Grundfos appoints new Group Executive Vice President for Business Development

Grundfos has appointed 49-year-old Swiss Ernst Lutz as new Group EVP for
Business Development. He has solid international experience from for instance
multiple executive positions in Sulzer and latest as the CEO for EIT
RawMaterials.

Ernst Lutz is a mechanical engineer and has a Ph.D. from Virginia Tech and an
Executive MBA. He has thorough knowledge about the pump industry and deep
experience with innovation, technology and engineering.

"Ernst Lutz knows our industry from within, and has a deep experience with
innovating new, customer-focused technologies. He is a truly global leader
focused on people, technology and making a real difference. I am very happy
to have Ernst on the team," says CEO Mads Nipper.

Ernst Lutz comes from a position as CEO for EIT RawMaterials. Previously, he
has held key positions in the Sulzer Group, latest as Chief Technology
Officer, CTO. Prior to that, employment in Rio Tinto Alcan, Alcan and
Alusuisse brought him to Shanghai and Paris, among other places, where he has
had the responsibility for technology and development in different positions.

"I am both proud and happy for the opportunity to work with the most
innovative pump manufacturer in the world. Grundfos is the strongest brand in
the business and I have always found it fascinating how well the company has
managed to set standards in the industry. I look forward to being part of
taking that to the next level through customer-focused technology and digital
innovation," says Ernst Lutz.

Ernst Lutz will be part of the Executive Team and joins Grundfos in September.

Further information:

Frank B. Winther

Senior Communication Manager, Grundfos Group Communications
M: +45 21 99 62 40
E:fwinther@grundfos.com

Download photo:

Ernst Lutz
http://hugin.info/152821/R/2013859/746468.jpg

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Grundfos via Globenewswire

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