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Primary responsibilities in the cooperation between Michael and Wolfgang Herz for Tchibo and Beiersdorf defined long-term


In order to secure growth and decision-making capacity, Michael and Wolfgang Herz today mutually agreed to a long-term definition of primary responsibilities for their shareholdings, which will continue to be held on a parity basis via maxingvest ag (in future GmbH & Co. KGaA): Michael Herz for Tchibo and Wolfgang Herz for Beiersdorf.


The cooperation between the two families will continue in other ways as well, including in the family's charitable foundation and the joint Family Office. Following the usual regulatory procedures, the agreed regulations will be implemented under company law in the first half of 2022.



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