He has been one of Germany’s best-known corporate leaders for decades. Now Trigema boss Wolfgang Grupp announces his end in the company – and reveals how things should go on.
With a consistent production in Germany, Wolfgang Grupp created a unique selling point for his textile company Trigema, the television advertising with a monkey and several talk show appearances made him a well-known entrepreneur himself. Grupp has now revealed that he is already thinking very specifically about his end at Trigema – and also has clear ideas about who should lead the company afterwards.
The handover will certainly not be easy, because Grupp is an “old school” entrepreneur: He runs Trigema as a registered businessman, so in case of doubt he is liable for all mistakes of the company with his private assets. Another detail shows that Trigema is not just a lucrative business for him: Grupp lives in a villa directly opposite the company’s headquarters, so he can get into the company quickly at any time.
Despite all the solidarity: After several decades at the helm of Trigema, Wolfgang Grupp is now thinking of quitting, as he told “Forbes” in an interview. And these thoughts are already very concrete: Grupp, aged 81, would like to hand over his entire shares to his wife Elisabeth Grupp this year. But she shouldn’t stay at the helm for long either: Within just six months, the company should finally go to one of the two children, Bonita or Wolfgang Grupp Junior.
According to the Swabian company, this is a clever move in order to have to pay less tax: According to Grupp, the short time is necessary in order not to have to pay inheritance tax twice. By the way, it is still open whether Bonita or Wolfgang Junior should ultimately be at the helm of the company: According to Grupp, this decision should be made by his wife. Both had promised him ten years ago that they would continue to run the company in his spirit.
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Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
