HUEGLI HOLDING AG Media Release 26 September 2017, 07.00 a.m.
Dr Alexander Stoffel deceased
On 24 September 2017, Dr Alexander Stoffel, member of the Board of Directors of Hügli Holding AG, died in his 89th year of life. The Board of Directors, the Group Executive Management and all employees of Hügli are mourning the death of an exceptional man, who with his knowledge, his entrepreneurial vision and his positive idea of man had built and shaped the Hügli Group in his 60 years of service. Our deepest sympathy goes out to his family. The family holding company, Dr. A. Stoffel Holding AG, will remain the majority shareholder of Hügli Holding AG, leaving the shareholding structure unchanged.
In 1957, Alexander Stoffel joined the family business, which was established in 1935, and took over the management of Hügli Nährmittel AG. He soon launched Hügli's expansion abroad with a first site in Austria and took another important step in 1964 with the acquisition of the Radolfwerke factory in Germany, presently the Group's most important production site. In the course of his career, he held practically all management functions, was CEO until 2004 and Chairman of the Board of Directors until 2010. As a responsible entrepreneur, he subsequently handed over his executive functions and persisted in committing himself to the successful development of the Hügli Group as a very dedicated member of the Board of Directors. Although he preferred to show restraint in his decisions, we value that we were able to participate in his experience and his independent thinking, which led him to consider facts always from different angles. The employees were invariably at the heart of his thinking as an entrepreneur. He acknowledged that they form the most important part of the company, wanted to motivate them and put the appropriate trust in them.
As a visionary majority stakeholder, he began the succession planning at an early stage. In 1985, he transferred his company shares to the family holding company Dr. A. Stoffel Holding AG. In this way, he intended to make the majority shareholding of Hügli of more than 50% independent of his person and make his wife and his children shareholders of the family shareholding company. Hügli's shareholding structure will remain unchanged beyond his death.
Alexander Stoffel will persist as a much-appreciated role model and we will keep his amicable manner in good memory. The values he lived will continue to carry the Hügli Group. The long-term wellbeing of Hügli and its employees has always been of great importance to him. We will keep on pursuing it in line with his philosophy.
For further information: Andreas Seibold, Tel. +41 71 447 22 50, andreas.seibold@huegli.com
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