Younger generation for Bauer

By Sandy Guthrie30 April 2018

Thomas Bauer

Thomas Bauer

Professor Thomas Bauer is planning to leave the management board of German construction and engineering firm Bauer, after 24 years as chairman of the management board, and 32 years at the head of the Bauer Group.

Bauer (62) has said he now wishes to pass on the management of the company to younger hands, and that he would like to implement the transition to the younger generation at an early stage.

At an extraordinary meeting, the supervisory board of Bauer decided that the position of chairman of the management board would be filled by an externally appointed executive. The replacement has already been chosen, but the supervisory board said that the new person could not be named yet because of their current role.

The chairman of the supervisory board, Dr Klaus Reinhardt, also announced that after a total of 17 years as a member of the board – 12 as chairman – he intended to leave the supervisory board in 2018.

The supervisory board said it supported the candidacy of Professor Bauer for membership and for the chairmanship of the supervisory board after his withdrawal from the management board.

It said the switch from the management board to the supervisory board would allow Professor Bauer to shape and accompany the transition process in the management of the family-owned company.

It was said the precise time of the planned change in the management board would depend on when the new chairman of the management board was able to assume his role.

Latest News
Diamond Scaffold Services retains merger-and-acquisition specialist for its sale
Southern scaffolder with a seasoned management team and solid workforce plans a sale to properly capitalize the business to continue its growth strategy
Webuild has US$12 billion Australian order backlog after acquisition
Deal means that WeBuild take on staff and order backlog from Australian engineering and construction company
Weak housing demand prompts turnaround plan for Skanska and Ikea’s modular homes arm
Weakening demand for affordable housing has prompted Skanska to launch a turnaround plan for its modular homes arm BoKlok, which it runs in partnership with Ikea.