Tengelmann has a new Advisory Board - The corporate group appoints a new advisory committee

Mülheim an der Ruhr, 21 January 2013 – Upon reaching the age of 80, Erivan Karl Haub, long-standing Managing Director and Chairman of the Advisory Board at the Tengelmann Group, has resigned from his position within top management of the traditional Mülheim company. Dr Rolf E. Ruhfus and Peter Zühlsdorff have also left office effective as of the end of 2012, having been members of the Advisory Board for ten years.

The new Board members to be appointed are Alfons Frenk and Dr Christoph von Grolman. “We would like to thank the outgoing members for their commitment and are pleased to have again been able gain two true experts in their respective field for our 146-year-old family-run company”, stated Karl-Erivan W. Haub and Christian W. E. Haub, Managing Directors and personally liable partners of the Tengelmann Group.

In Alfons Frenk, Tengelmann has acquired an experienced commercial trade specialist. An auditor by trade, Frenk was Managing Director of the Edeka Group from 2003 to 2008. Dr Christoph von Grolman, a doctor of law, held various positions within the Thyssen-Bornemisza Group before becoming its Managing Director in 2007. The Board is completed by legal professional Thomas Kramer. Kramer is a partner in the Düsseldorf law firm Esch & Kramer and has been a member of the Tengelmann Group Advisory Board since 2007. “To us, the Advisory Board is not just a supervisory body, but primarily a group of competent advisors, who we value greatly”, explains Christian W. E. Haub.

Up until this new appointment, the Board also consisted of members of the family-run company. The new committee is thus the first to exclusively include external members. The new Chairman of the Committee will be elected during the Board’s first session. “To us, having our business activities supervised by an independent Board is a matter of course. Indeed, we feel that this is necessary for sustainable company management”, explains Karl-Erivan W. Haub.