The octogenarian chief of Haribo has shaken up the management of the German confectionery giant and invited his nephews to join the board of the company.

Dr Hans Riegel, who has led Haribo since 1946, said yesterday (6 September) that the company had set out its “course for the future” with the changes to its management.

Haribo was founded in 1920 and Dr Riegel and with his younger brother Paul took on the business after World War II. Paul died last year, with his shares passing to his two sons, Hans-Guido and Hans-Arndt Riegel.

Dr Riegel and his two nephews have agreed on a new structure for the business. The 87-year-old will remain in charge of sales and marketing, while Hans-Guido, 44, will be responsible for production and technology.

Hans-Arndt, 42, will be chairman of the four-member supervisory board of Haribo Holding, the new holding company overseeing the sweets maker.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.