SMEs: Bettermann brings former VW manager Jochem Heizmann to the board of directors

Jochem Heizmann

The manager worked for twelve years on the board of the car company VW.

(Photo: AP)

DusseldorfUlrich Bettermann is known for his good relationships with celebrities in business. In 2013, the Sauerland entrepreneur allowed Mikhail Khodorkovsky to be pardoned by Russian President Vladimir Putin in his company jet Germany fly. On Wednesday, Bettermann visibly pleased presented his prominently appointed new board of directors.

OBO Bettermann from Menden with 4,000 employees and sales of around 600 million euros now has a board of directors based on the Swiss model. This not only orders the board members of the specialist for building installation technology, but also gives guidelines that are to be implemented, said the 71-year-old the Handelsblatt. In addition to himself, Jochem Heizmann and Wilhelm Haarmann form the Board of Directors.

Heizmann, 66, was a twelve-year member of the board of the car company until January Volkswagen active: initially for production and commercial vehicles, most recently for the China business. His new counterpart Haarmann is considered one of the leading economic, tax and transaction lawyers in Germany.

Today, the 68-year-old partner of the US law firm McDermott Will & Emery in Frankfurt. He was on the Supervisory Board of more than 30 years until 2018 SAP and also accompanied the IPO of the software company.

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The management of OBO Bettermann is still incumbent on Ulrich Bettermann, his eldest son Andreas and three non-family directors – and the senior will not leave the management of the company founded in 1911. In the future, he will mainly take care of works abroad. The establishment of a board of directors was “the second important step to prevent OBO Bettermann from being sold to foreign corporations”.

Already ten years ago he founded two family foundations according to Liechtenstein law, for real estate and for the operative. The usual inheritance tax every 30 years so abolished. With Heizmann he has an excellent technician and with Haarmann an expert who will also be helpful in the further expansion, says the entrepreneur.

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