Merkur Group company founder, Paul Gauselmann, is set to retire as Management Board Chairman on 1 October, stepping back from the company’s executive leadership.
It is also announced that Michael Gauselmann will be taking on the role of chairman of the Supervisory Board from Manfred and will succeed Paul Gauselmann as chairman of the Board of Directors of the Gauselmann Family Foundation.
For 67 years, Paul Gauselmann shaped the destiny of the group, transforming a part-time one-man business into an internationally acclaimed group of companies with total sales revenues of around 4 billion euros and external sales revenues of over 2.7 billion euros. Paul commented on his time at the company: “I have consistently devoted my energy to the company’s welfare, and at the same time to the benefit of our approximately 15,000 employees. Now the time has come to entrust my life’s work to the younger generation.”
Gauselmann’s son, who served as vice-chairman at Merkur for a decade, will be taking on a deeper role in the company, “I am thrilled that my son Michael is embracing this important responsibility and will contribute his international experience to our company,” stated Paul Gauselmann.
Lars Felderhoff, CFO of the Merkur Group, will assume the role of chairman. He will be supported by Jürgen Stühmeyer, management board member with responsibility for sales, and Manfred Stoffers, management board member with responsibility for marketing, communications and political affairs, as vice-chairs.
Paul Gauselmann expressed great satisfaction with the top-level personnel changes, stating: “Reorganising the company by the time I turn 90 has been my wish for some time. We have accomplished this very well and are ideally positioned for the future, particularly as my son Michael, both a member of the Gauselmann family and an experienced entrepreneur, will continue to be involved in the most critical decisions.”
