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Copy of the Patriarch:
Ex-Kuka boss
Till Reuter
rearranges
Photo: Daniel Delang
On one could
Till Reuter
(52), once head of the robot Kuka delighted when he took over the Chairmanship at the dairy giant Müller last year: With Patriarch
Theo Müller
(80), it is never boring.
The billionaire, who is one of the richest Germans, tears his board members apart with rapid regularity.
The upcoming generation change between Müller and his nine children contains explosives, and various operational weaknesses guarantee tension.
The business in Great Britain, once highly profitable, is in crisis, the Homann delicatessen division is no longer so good.
For 2019, with sales of 5.7 billion euros, the group only reports earnings before interest and taxes of 44 million euros.
Reuter should bring about the turnaround and at least significantly increase earnings in the current year.
And he works hard as if he wanted to copy the patriarch.
Reuter, who like Müller lives in Zurich and shares a passion for production and automation with the milk baron, already steered the former Kuka HR manager
Silvia Buchinger
(56) to the board.
Now he tailors the rest of the management.
Reuter is swapping Chief Operating Officer
Hansjörg Herrmann
(47)
, who was brought in two years ago from the automotive group Mann + Hummel,
for Müller-owned
Michael Singer
(45).
As if by the way, he de facto disempowered CEO
Werner Stegmüller
(55).
Because
John Broekmans
(53),
who was only committed to internationalization by Reuter in April
, is now also taking over Stegmüller's previous domain: the branded business and thus the most important source of revenue.
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