At 58, Johannes Baillou becomes the new head of Merck. He follows veteran Frank Stangenberg-Haverkamp.
The main owner of the Darmstadt pharmaceutical and chemical group Merck is getting new management. Johannes Baillou (58) will be the new chairman of the family council, which represents the business interests of the Merck family, as the company announced on the occasion of committee elections. The Merck family holds around 70 percent of the DAX group Merck KGaA through the owner company E. Merck KG.
Baillou succeeds Frank Stangenberg-Haverkamp, who, after four decades at Merck, has reached the permitted age limit at 75. Baillou had been deputy chairman of the family council since 2014.
The former head of the industrial gases specialist Linde, Wolfgang Büchele, was elected as the new chairman of the shareholders’ council. He has been supporting the group as an external consultant for 15 years and will resign from his position as chairman of the supervisory board before the general meeting, it was said. The shareholders’ council is a body comparable to the supervisory board of a stock corporation. It also includes people who are not family members.
Source: Stern
