Grundfos Appoints New Group Executive Vice President for Business Development

Denmark, May 19, 2016 - (ACN Newswire) - 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.

About Grundfos

Grundfos is a leading pump manufacturer with an annual production of more than 16 million pump units. It offers a full range of modular, energy-efficient and intelligent products and services for applications within buildings, industries and water. Grundfos has more than 80 companies in 55 countries. For more information, please visit www.grundfos.com

Further information:Frank B. WintherSenior Communication Manager, Grundfos Group CommunicationsM: +45 21 99 62 40E: fwinther@grundfos.com

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