Merkur Group founder Paul Gauselmann will retire from his role as chairman on 1 October, after 67 years at the helm. A board reshuffle will fill Gauselmann’s various roles within the group. In his place, group CFO Lars Felderhoff will lead Merkur Group’s management board, with the help of vice-chairs Jürgen Stühmeyer and Manfred Stoffers
Merkur Community founder Paul Gauselmann will retire from his function as chairman on 1 October, after 67 years on the helm. A board reshuffle will fill Gauselmann’s a quantity of roles within the neighborhood.
In his situation, neighborhood CFO Lars Felderhoff will lead Merkur Community’s management board, with the abet of vice-chairs Jürgen Stühmeyer and Manfred Stoffers who additionally wait on responsibility for sales and marketing and marketing and marketing respectively.
Felderhoff has overseen the gaming machines neighborhood’s funds for six years, after spending segment of his career at GTech (now IGT) and Merkur subsidiary, Metro Money & Lift World.
In his earlier years at Merkur Community Felderhoff oversaw its industrial operations as industrial director for industrial arm ADP.
Additionally, Gauselmann’s function as head of the Merkur Community’s supervisory board and the family’s charitable foundation will be taken over by his son Michael Gauselmann.
“The time has attain to entrust my life’s work to the younger period,” Paul Gauselmann said of his retirement.
“I even maintain persistently devoted my power to the company’s welfare and, on the the same time, to the profit of our approximately 15,000 workers,
Gauselmann makes formulation for “the younger period”
The younger Gauselmann joined the Merkur Community as a industrial administration graduate in 1982. He established the industrial’ Atronic subsidiary in 1993 and attributable to this reality oversaw all its foreign operations.
For a decade, he has served as vice-chairman of the management board sooner than changing into co-chairman of the board, sharing duties along with his father from 2004 to 2012.
From 2013, he used to be alive to concerning the then Gauselmann Family Council and, from 2016, within the Gauselmann Family Foundation.
The organisation has supported social and cultural initiatives within the family’s home declare of Minden-Luebbecke in Germany since 1999.
“I am extremely happy that my son Michael is embracing this critical responsibility and would possibly well well even aloof contribute his world trip to our company,” Paul Gauselmann said.
“Reorganising the company by the level I turn 90 has been my need for a whereas. We maintain carried out this very properly and are ideally positioned for the future,” he concluded.
Source: iGamingBusiness
