Bernhard Riedel, Chairman of the Supervisory Board of Munich-based telephone manufacturer Gigaset, died unexpectedly at the age of 57. At the end of last week, the company announced that Barbara Münch, the “substitute member elected by the general meeting”, would therefore move up into the six-member supervisory body. The lawyer works full-time as managing director for the Munich financial services provider Assetmetrix. Until further notice, the current Vice Chairman, the Hong Kong lawyer Helvin Wong, will take over the chairmanship of the Supervisory Board.
From AG Bad Salzschlirf to smartphone manufacturer
With more than 900 employees, Gigaset AG achieves annual sales of almost 300 million euros and can be traced back to the “Aktiengesellschaft Bad Salzschlirf” founded in 1900. After its insolvency in 2001, it became part of Arques Holding and renamed Gigaset in 2010. In the meantime, the company, which announced its entry into the smartphone business in 2018, is majority-owned by the dazzling Hong Kong investor Pan Sutong. The late Chairman of the Supervisory Board Bernhard Riedel was a partner in the Munich law firm Meindl & Riedel, where he was responsible for criminal law, traffic law and general civil law.