Forbo Holding AG (0QKD.L)

1,053.99 -6.11 (-0.58%) At close: 05:13PM BST

Forbo Holding AG

Lindenstrasse 8
P. O. Box 1339
Baar 6340
Switzerland
41 58 787 25 25
https://www.forbo.com

Sector(s): 
Industry: 
Full-time employees: 5,190

Key executives

Name	Title	Pay	Exercised	Year born
Mr. This E. Schneider	Executive Chairman	3.54M	N/A	1952
Mr. Jens Fankhanel	CEO & Chairman of the Executive Board	34.77k	N/A	1965
Mr. Andreas Jaeger	CFO & Member of the Executive Board	N/A	N/A	1972
Mr. Jean-Michel Wins	Executive VP/Head of Flooring Systems & Member of Executive Board	931.36k	N/A	1967
Mr. Marc Deimling	Executive VP of Movement Systems & Member of Executive Board	N/A	N/A	1970
Mr. Urs Christen	Head of Corporate Development & Investor Relations	N/A	N/A	N/A
Ms. Karin Marti	Head of Corporate Communications	N/A	N/A	N/A
Ms. Nicole Graf Häfeli	Secretary of the Board	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in CHF.

Description

Forbo Holding AG produces and sells floor coverings, building and construction adhesives, and power transmission and conveyor belt solutions in Europe, the Americas, Asia Pacific, and Africa. The company operates through two divisions, Flooring Systems and Movement Systems. The Flooring Systems division develops, produces, and sells linoleum, vinyl floorings, entrance flooring systems, carpet tiles, needle felt floor coverings, Flotex, the washable textile floorings, and building and construction adhesives, as well as various accessory products for laying, processing, cleaning, and care of flooring. This division also provides ready-made adhesives for floor covering installations, parquet flooring, and ceramic tiles, as well as leveling compounds for the construction industry and liquid floors under the trade name of Eurocol. Its products are used in public buildings, department stores, hospitals and other healthcare facilities, schools, libraries, commercial and office spaces, leisure centers, shops, hotels, restaurants, and cafeterias, as well as for applications in the residential market. The Movement Systems division offers conveyor and processing belts, plastic modular belts, power transmission belts, and timing and flat belts under the Siegling brand name. Its products are used in various applications in industry, trade, and the service sector, including conveyor and processing belts in the food industry; treadmill belts in fitness studios; and flat belts in mail distribution centers. Forbo Holding AG was founded in 1928 and is headquartered in Baar, Switzerland.

Corporate governance

Forbo Holding AG’s ISS governance QualityScore as of 1 April 2024 is 9. The pillar scores are Audit: 9; Board: 7; Shareholder rights: 1; Compensation: 10.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.