Paul Gauselmann, founder of Gauselmann Group, announces retirement after 67 years in the industry
Merkur Group company founder, Paul Gauselmann, is set to retire as Management Board Chairman on 1 October, stepping back from the company’s executive leadership.
It is also announced that Michael Gauselmann will be taking on the role of chairman of the Supervisory Board from Manfred and will succeed Paul Gauselmann as chairman of the Board of Directors of the Gauselmann Family Foundation.
For 67 years, Paul Gauselmann shaped the destiny of the group, transforming a part-time one-man business into an internationally acclaimed group of companies with total sales revenues of around 4 billion euros and external sales revenues of over 2.7 billion euros. Paul commented on his time at the company: “I have consistently devoted my energy to the company’s welfare, and at the same time to the benefit of our approximately 15,000 employees. Now the time has come to entrust my life’s work to the younger generation.”
Gauselmann’s son, who served as vice-chairman at Merkur for a decade, will be taking on a deeper role in the company, “I am thrilled that my son Michael is embracing this important responsibility and will contribute his international experience to our company,” stated Paul Gauselmann.
Lars Felderhoff, CFO of the Merkur Group, will assume the role of chairman. He will be supported by Jürgen Stühmeyer, management board member with responsibility for sales, and Manfred Stoffers, management board member with responsibility for marketing, communications and political affairs, as vice-chairs.
Paul Gauselmann expressed great satisfaction with the top-level personnel changes, stating: “Reorganising 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.”
Paul Gauselmann, the founder and visionary behind the Gauselmann Group, has announced his retirement after an impressive 67 years in the industry. Gauselmann, who is often referred to as the “king of gaming” in Germany, has built a multi-billion dollar empire that spans across the globe.
Gauselmann’s journey in the gaming industry began in 1957 when he founded his first company, which focused on manufacturing jukeboxes and slot machines. Over the years, he expanded his business and diversified into various sectors, including casinos, sports betting, and online gaming.
Under Gauselmann’s leadership, the Gauselmann Group has become one of the largest and most successful gaming companies in Europe. The company operates over 700 gaming establishments worldwide and employs more than 13,000 people.
Throughout his career, Gauselmann has been known for his innovative spirit and entrepreneurial mindset. He has always been at the forefront of technological advancements in the gaming industry, constantly pushing boundaries and exploring new opportunities.
In a statement announcing his retirement, Gauselmann expressed gratitude for the incredible journey he has had in the industry. He also emphasized his confidence in the future of the Gauselmann Group, stating that he is leaving the company in capable hands.
Gauselmann’s retirement marks the end of an era in the gaming industry, but his legacy will undoubtedly live on. His passion for innovation and dedication to excellence have set a high standard for the industry, inspiring countless others to follow in his footsteps.
As Gauselmann steps down from his role, he leaves behind a thriving business that will continue to shape the future of gaming. His impact on the industry is undeniable, and his contributions will be remembered for years to come.