Merkur Group Announces Leadership Transition

How does a global gaming giant like Merkur Group navigate a leadership transition? After 67 years of steering the company, Paul Gauselmann is stepping down as the Chairman of the Management Board, passing the torch to Lars Felderhoff. This marks the start of a new era for the renowned gaming group. Curious about the future direction of Merkur Group under new leadership? Keep reading to discover how this transition will shape the company’s next chapter.

Merkur Group’s Leadership Transition: Paul Gauselmann Steps Down, Lars Felderhoff Takes Charge

A major shift is underway at Merkur Group, a leader in the global gaming industry. On October 1, founder Paul Gauselmann stepped down as Chairman of the Management Board, marking the end of an era. For 67 years, Gauselmann transformed a one-man operation into an internationally acclaimed company, with total sales revenues of around €4 billion and external sales of over €2.7 billion. Now, he entrusts his legacy to the next generation.

The End of an Era for Paul Gauselmann

Reflecting on his decision, Paul Gauselmann said, “I have consistently devoted my energy to the company’s welfare and the benefit of our 15,000 employees. Now the time has come to pass on my life’s work.” As he steps down from executive leadership, Gauselmann will continue to play a vital role in the company through his involvement with the Gauselmann Family Foundation, the sole shareholder of the group responsible for all strategic decisions.

The generational transition sees Michael Gauselmann, Paul’s son, assuming the role of Chairman of the Supervisory Board, succeeding Manfred Grünewald. With a career in the company dating back to 1982, Michael brings vast international experience, having previously led the establishment of the subsidiary Atronic and overseen all foreign operations. His appointment symbolizes a blend of continuity and progress, positioning the company for a robust future.

Lars Felderhoff Takes the Helm

The spotlight now shifts to Lars Felderhoff, the newly appointed Group Chairman. Felderhoff, who has been with the company since 2011, has a wealth of experience in overseeing the finances and organization of the Merkur Group. His journey began in 2000 at the Atronic subsidiary, and he further honed his expertise at gaming giant GTech (now IGT) and wholesale group Metro Cash & Carry International.

Upon rejoining Merkur in 2011, Felderhoff served as the Commercial Director of the adp Merkur subsidiary, where he managed the commercial operations of over 40 companies in Germany and abroad. His deep understanding of the company’s roots, combined with his strategic mindset, makes him a fitting leader for this new chapter. “The challenge is immense, and naturally, we will not be able to fill the shoes of an entrepreneur like Paul Gauselmann one-to-one. However, the company is robust and agile enough to continue setting new benchmarks in the future,” says Felderhoff.

Experienced Vice-Chairs Strengthen the Team

Felderhoff’s leadership will be supported by a strong team of Vice-Chairs on the Management Board: Jürgen Stühmeyer and Manfred Stoffers. Stühmeyer, who has dedicated 37 years to Merkur, began his career as a trainee and climbed the ranks to become the board member responsible for sales. Since 2007, he has directed the strategic orientation of the company’s commercial success, particularly focusing on the Merkur pillar.

Manfred Stoffers, on the other hand, joined the company in 2011 and was appointed board member for Marketing, Communications, and Political Affairs in 2015. His expertise in managing the company’s image and political engagements adds a dynamic dimension to the management team, ensuring that Merkur Group continues to navigate market challenges effectively.

Looking Ahead: A Strategic Reorganization

The transition also represents a broader strategic reorganization within the Merkur Group. With Michael Gauselmann taking on the role of Chairman of the Supervisory Board, the family’s involvement in key decision-making processes is ensured. The Gauselmann Family Foundation remains the central hub for shaping the company’s future, guiding its path forward.

Paul Gauselmann expressed his satisfaction with the changes: “Reorganizing the company by the time I turn 90 has been my wish for some time. We have accomplished this very well and are ideally positioned for the future, particularly as my son Michael, both a member of the Gauselmann family and an experienced entrepreneur, will continue to be involved in the most critical decisions.”

The Merkur Group is embarking on a new chapter with Lars Felderhoff at the helm, backed by an experienced management team. While stepping down, Paul Gauselmann leaves behind a legacy of innovation, growth, and resilience. The reorganization, including Michael Gauselmann’s new role, ensures that the company’s values and strategic vision will continue to guide its future. With strong leadership in place and a solid foundation, Merkur Group is well-positioned to maintain its status as a global leader in the gaming industry. This transition marks not just an end, but the beginning of an era that promises continued success and evolution.