The Board of Directors of Belimo Holding AG, a leading global manufacturer of innovative electrical actuator solutions in heating, ventilation and air conditioning systems, has appointed Dr Jacques Sanche (a 42-year-old with Swiss and Canadian nationality) as the new Chief Executive Officer of the Belimo Group. He will take up his new post on September 1, 2007.

Jacques Sanche is currently Deputy CEO of WMH Walter Meier Holding AG, with responsibility for the Climate Solutions Division. He has held a variety of general management positions within this group and gathered valuable experience in the heating, ventilation and air conditioning sector. He had previously completed a doctorate at the Institute for Information Management of the University of St. Gallen and worked as a consultant with the Boston Consulting Group in Munich.

According to the company’s press release, Belimo was able to continue its increased growth and has recorded healthy growth rates in sales, operating income and net income. The Board of Directors assumes that European markets will continue to grow, particularly Germany, Russia and Ukraine. It also expects continued high growth in the Asia/Pacific region. In the Americas, in contrast, growth could slow down slightly. There was an increase in the sales of products for air applications, room comfort systems are very popular in Europe and even faster growth was achieved with valves and valve actuators.