- Advisory board members elect long-standing member as chairman
- Management structure of the family owned corporation realigned
In its most recent regular session, the advisory board of the Tengelmann Group elected Dr. Christoph von Grolman (60) as the new chairman. His appointment to the new position is effective immediately. Dr. Grolman, who holds a doctorate in law, is CEO of TBG AG, a privately owned group of companies with headquarters in Switzerland. He has been a member of the advisory board of the Tengelmann Group since January 2013.
“I look forward to this important task of supporting and advising the new management with the strategic realignment of the corporation”, said Christoph von Grolman in response to his election. “Our family owned company faces great challenges and I am confident that we can count on the support of our excellent advisory board under the leadership of Christoph von Grolman. With the other members Franz Markus Haniel, trade expert Alfons Frenk and, of course, my brother Georg Haub, we have an advisory board with outstanding expertise and experience. The support of my brother ensures that the company will remain in the family in the fifth generation as we continue into the future”, concludes Christian Haub, a partner and Chief Executive Officer of the Tengelmann Group.
About the Tengelmann Group:
The Tengelmann Group is one of the most significant commercial companies in the world. In addition to its strategic fields of business, more than 80 start-ups comprise the Tengelmann portfolio. In the year 2017 more than 86,000 employees generated net revenue of 7.5 billion euros. The textile discounter KiK, OBI DIY stores as well as babymarkt.de make up the association of companies. Also part of the group are the real estate company Trei Real Estate as well as the holding companies Emil Capital Partners in the USA and Tengelmann Ventures in Germany, which have been investing in start-ups for several years.