Alexander Knauf leaves operational management of Knauf

Alexander Knauf stepped down from the operational management of building materials company Knauf at the start of the year at age 51. In his first interview after leaving, he discussed the generational change in the family business.

Alexander Knauf explained in Iphofen that the change in the shareholder committee should happen in good time. He compares the body to the supervisory board of a stock corporation and remains there as a simple member in a cooling-off phase.

After 22 years at Knauf, 13 of them at the top, he handed over a stronger and more resilient company. He looks back with gratitude and now wants to work as an investor in Hidden Champions.

Knauf stressed that entrepreneurs should not leave Germany. He remains closely connected to the company and continues to visit his parents in Iphofen regularly.

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Wolfgang Kubicki standing confidently at an FDP podium with an empty chair symbolizing Henning Höne's withdrawal from candidacy.
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Höne withdraws candidacy, Kubicki sole contender for FDP chair

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Henning Höne has withdrawn his bid for the FDP party chairmanship. Wolfgang Kubicki is now the sole candidate for the post, which is due to be filled at the end of May.

Karl-Ludwig Kley ends his nine-year tenure as Lufthansa supervisory board chair on Tuesday. Shareholders are set to elect former Eon chief Johannes Teyssen to the board at the annual meeting.

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SAP shareholders elected René Obermann as designated supervisory board chairman with over 99 percent approval at the annual general meeting. The 63-year-old will assume the role only in 2027. This ends a years-long search for a successor to Hasso Plattner.

The head of the state-owned development bank KfW, Stefan Wintels, has proposed closer links between the Mittelstand and venture capital as a potential formula for growth.

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Shein Executive Chairman Donald Tang will step down as the company nears completion of its IPO, according to three sources with direct knowledge.

Göran Engberg, convicted of tax crimes, is leaving his role as CEO of the company behind plans for new nuclear power in Barsebäck. The company is now entering its next phase under new leadership.

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Construction group Hochtief joined Germany's benchmark DAX index on June 22. The Essen-based firm replaces Porsche SE.

 

 

 

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