GERMANY: Tchibo without CEO after family squabbles lead to irreparable breakdown in trust
Family squabbles are threatening the future expansion of one of Germany's largest family-owned companies, Tchibo , culminating as they did on Wednesday (10 January) in the resignation of CEO Gunter Herz. The head of the enterprising Herz family, 60 year-old Gunter blamed an "irreparable breakdown in trust" for his departure from the helm of the coffee, cigarette and cosmetics group after 35 years. He said he would leave the company on 31 January, and as yet no successor has been named.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- General Mills sales woes continue - analysis
- Why personalisation will take-off in US food
- US food next wave on display at Winter Fancy Food
- Comment: Meal kits in US - don't believe the hype
- Column: Kraft Heinz, Unilever and sustainability
- Unilever 'lining up spreads sale'
- UK own-label firm Park Cakes sold in MBO
- Immigration crackdown "risk" for US dairy industry
- BRF plant suspended amid bribery allegations
- Fonterra cuts earnings forecast