Fred Kindle

Chairman, head compensation committee

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Since the end of 2015, Fred Kindle has been a consultant for Clayton, Dubilier & Rice, the investment firm based in New York and London, where he had been a partner from 2008 through 2015. Before joining CD & R, Mr Kindle managed ABB Group worldwide (2004 to 2008). Prior to this, Mr Kindle served as CEO of Sulzer Ltd (2001–2004) and Sulzer Industries, Switzerland (1999–2001). From 1992 to 1999 he held a number of senior positions within Sulzer Group.

He had previously worked with McKinsey, New York and Zurich, and Hilti Ltd, Liechtenstein, for several years. He graduated in engineering at the Swiss Federal Institute of Technology in Zurich, before completing an MBA at the Northwestern University, Evanston, USA.

Fred Kindle is a member of the Board of Directors of Stadler Rail Ltd (Bussnang) and Schneider-Electric (Rueil-Malmaison).

As a non-executive and independent member of the Board of Directors, Fred Kindle has never been a member of the Executive Board of VZ Holding Ltd or any of its Group companies. He has no material business relationships with the companies of VZ Group.

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