“After approximately 40 years of active and successful collaboration, it is time to introduce a younger management team and to hand over the leadership.
Doral, Florida (PRWEB) July 29, 2016
At the same time, Hellmann began the process of generational handover while expanding and defining a larger management team. The Hellmann family will continue to run the business, however; due to the larger number of family shareholders in the next generation this will prove more complicated. For this reason, the change of legal structure from a GmbH & Co. KG to an SE & Co. KG has been decided. Hellmann now joins the trend among German family-owned businesses, selecting an international and modern legal structure that provides an appropriate framework for the interaction of family and business.
Hellmann will remain a family-owned business which will continue to strengthen and improve the global value chains of its customers through reliable logistics services.
The SE & Co. KG will be headed by a three-member Management Board comprised of the two leading Managing Directors, Jost and Klaus Hellmann, and Managing Director and CEO Dr. Thomas Knecht, as Chairman of the Board; Dr. Knecht was appointed to the role in November 2015.
“After approximately 40 years of active and successful collaboration, it is time to introduce a younger management team and to hand over the leadership. It is nevertheless important for us to play an active role as members of the Management Board for the transition in the coming years”, explains Jost Hellmann.
The Managing Directors of the Hellman Group, Jost and Klaus Hellmann, have successfully operated the business in the past four decades, starting from four locations and gradually growing into an internationally operating logistics company, with over 250 locations in 56 countries, and over 12,500 employees.
The financing of the Group and the growth strategy are backed by extensive bilateral and syndicated financing blocks. Core elements are a successfully running long term ABCP program, refinanced by the capital market and a newly concluded syndicated credit facility.
The development of the business is gratifying. The financial year 2015 was concluded with an increase of nearly 4 percent to around 3.1 billion EUR, including a significant surge in earnings.