Supervisory Board of the week: Günther Oettinger (Herrenknecht)

Tunnel

Martin Herrenknecht brings another prominent politician to the Supervisory Board: On January 1, the former Minister President of Baden-Württemberg and former EU Commissioner Günther Oettinger (CDU) will join the board. The company has now confirmed a corresponding report by the WirtschaftsWoche newspaper. Currently, the supervisory board of the tunnel boring machine specialist includes former German Chancellor Gerhard Schröder (SPD) and the former head of Deutsche Bahn, Rüdiger Grube, among others. Hans-Jörg Vetter, who has been head of LBBW for many years, is the chairman of the supervisory board and recently also holds this position at Commerzbank.

Career start as multi-supervisory board

Herrenknecht employs more than 5000 people in around 30 countries; the company’s most recent annual turnover was more than 1.2 billion euros. Founder Martin Herrenknecht (78) still acts as Chairman of the Board of Management. In addition to his position with the family company, 67-year-old Günther Oettinger is aiming for further mandates. According to media reports, he is also to move into the supervisory board of the Berlin real estate developer CG Elementum. The EU Commission has apparently already approved this activity as well. Furthermore, Oettinger was recently appointed to the supervisory board of the asset manager Amundi Deutschland.