Paul Gauselmann retires after decades in Merkur Group

Merkur Group saw a significant transition as Paul Gauselmann retired from his role as Management Board Chairman on October 1.

Serving for 67 years, Paul Gauselmann transformed Merkur Group from a small, part-time venture into a global powerhouse, achieving total sales of around 4 billion euros. His commitment to the company and its 15,000 employees has been significant.

Lars Felderhoff, the current CFO, will take over as Chairman, with Jürgen Stühmeyer and Manfred Stoffers as vice-chairs. This trio will bring a wealth of experience and understanding of the company to their new roles.

At the same time, Michael Gauselmann, Paul’s son is set to become Chairman of the Supervisory Board, stepping into an important role after decades of experience within the organization.

Paul Gauselmann commented:

“I am thrilled that my son Michael is embracing this important responsibility and will contribute his international experience to our company.”

With a background in international business and a history of driving expansion, Michael is well-prepared to take on this responsibility.

Paul Gauselmann added:

“Reorganising the company by the time I turn 90 has been my wish for some time. We have accomplished this very well and are ideally positioned for the future, particularly as my son Michael, both a member of the Gauselmann family and an experienced entrepreneur, will continue to be involved in the most critical decisions.”