Greiner CEO Ludwig Beck steps down

Since it became clear in early June that billionaire and real estate entrepreneur Alfons Doblinger will be calling the shots at Ludwig Beck going forward, the company’s current leadership has been crumbling. Just over two weeks ago, Supervisory Board chairman Bruno Sälzer announced his resignation. At the end of this week, the company announced in an ad hoc release that CEO Christian Greiner will step down from his position on August 31. 

According to the announcement, it was “mutually agreed” that the CEO would step down from the company’s executive board before the scheduled end of his current term.

Greiner will also step down from the management board of Ludwig Beck Beteiligungs GmbH at the end of August at his own request. He has been a member of the board since 2011. In 2019, Greiner assumed the chairmanship and was also one of the company’s major shareholders. Through his holding company, Christian Rudolf Greiner Verwaltungs GmbH, he most recently held approximately 26.3 percent of the share capital until Alfons Doblinger acquired all of his shares in early June. At the same time, Doblinger acquired an additional 25.2% of the shares from Intro-Verwaltungs GmbH, owned by Greiner’s father, the Nuremberg-based fashion entrepreneur Hans Rudolf Wöhrl.

Through his company, Bayerische Gewerbebau AG, Doblinger now holds more than three-quarters of all shares in Ludwig Beck. The real estate entrepreneur is pushing for the retailer’s delisting from the stock exchange. In mid-June, his company announced the conclusion of a corresponding delisting agreement with the new majority shareholder.