Reinhold Würth Steps Down
Three months after celebrating his 75th work anniversary, Würth Group patriarch Reinhold Würth is stepping down.
On January 1, the 89-year-old fastener industry titan handed over his position as Supervisory Board Chairman to his grandson Benjamin Würth, 43. Benjamin Würth has been working for the company for 25 years and has gained extensive professional experience both at a national and international level.
Reinhold Würth will remain Honorary Chairman of the Supervisory Board of the Würth Group.
After 19 years, Bettina Würth, 63, daughter of Reinhold Würth, handed over her position as chair of the Advisory Board to her nephew Sebastian Würth, 39. Sebastian Würth has been working for the company since 2012 and holds a Master of Arts in Family Entrepreneurship.
Bettina Würth remains a member of the Supervisory Board, and will become Honorary Chairwoman of the Advisory Board.
Executive VP for Arts and Culture Sylvia Weber, 63, will transfer most of her tasks to 34-year-old Maria Würth, daughter of Bettina Würth. Maria Würth holds a Master of Arts in Art History from the University of Tübingen and, mentored by C. Sylvia Weber, has prepared herself for this position since 2018.
“The succession of these three positions has been prepared for a long time,” the Group stated. “Both the family and the company attach great importance to continuity once the successors, who have known the company from their earliest age, will have taken over. This will ensure that the corporate culture we live by will be continued without any disruptions.”
In 1949, 14-year old Reinhold Würth began working for his father’s fledgling wholesale screw business as its second employee and first apprentice. Five years later, he took over after his father died.
Reinhold Würth, who retired from daily operations in 1994, is ranked among the world’s richest people, with a net worth Forbes estimates at $37.2 billion. Web: wurth.com
More on Reinhold Würth from our Fastener History section:
1997 FIN – Global Giant Würth Reentering North American Fastener Market
1999 FIN – Reinhold Würth to NFDA: Future Belongs to the ‘Quick Ones’
There are no comments at the moment, do you want to add one?
Write a comment