The Tengelmann Group has a new CEO

Christian Haub assumes sole executive responsibility of the traditional family firm from Mülheim

Christian W. E. Haub (53) has now assumed sole executive responsibility of the Tengelmann Group. He has therefore also taken on the responsibilities of his brother Karl-Erivan W. Haub at the company headquarters of the trading firm from Mülheim. Since the generational handover in the year 2000 the brothers were joint CEOs of the family firm with a history that goes back over 150 years, and they made all major decisions together.

Karl-Erivan W. Haub has been missing in the Swiss Alps since 7 April 2018. His family announced last week that there is no longer a possibility that the experienced and passionate mountaineer is still alive. His younger brother is now continuing to run the day-to-day business of the traditional firm in Europe and the USA. "I would like to thank my family and our board for continuing to put their trust in me and passing sole executive responsibility for our family firm to me," says Christian W. E. Haub, Managing Director and personally liable partner of the Tengelmann Group. "My brother will be sorely missed, not just by our family, but by the business too. For me personally, our mutual understanding and open exchange regarding strategy in particular were the core of our close working relationship. Alongside my personal loss, that is what I will miss most of all." Over the past eight years in particular, the brothers have worked together intensively. "We always had the common goal of passing our family company in a good condition to the next generation. I continue to hold onto this objective firmly and will do anything to achieve it," Haub continued.

He is supported here by the management team of the holding company from Mülheim and the operating units with their highly experienced managers who have worked at the family business for many years. "The loss of our brother is a tragedy for our family. But it does not endanger the continuance of our family firm. Over the past few years we have been able to lead the company through a comprehensive transformation process. It is now rock solid and fit for the future," says Haub. "My brother made a significant contribution to this. He loved challenges and took them on enthusiastically. Although not a digital native himself, he recognised the opportunities of technological change very early and aligned our business model to it. At the same time, however, he managed to maintain the tradition and embody the values of our 150 year-old family company."

Pure portfolio management is also not an option for the new CEO. "In our hearts we are tradespeople and we will always act with a business mind and remain operationally active. I cannot imagine just administering assets and shares," says Haub. The family is staying true to the plan for the next generation to join the company in a few years. "I have great confidence in the abilities of the young members of the family, which they will put to the service of our family firm at the appropriate time."

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