Liebherr to remain family affair after bosses’ give children shares

RSS718 Liebherr bosses have ensured the company continues to remain independent and family-run by transferring some of their shares in parent company Liebherr International AG to their children. The move by Willi Liebherr, Liebherr Group president, and Isolde Liebherr, his sister and Group vice president, will see future individual Group divisions managed by the president and vice president jointly with a representative of the third family generation consisting of Jan Liebherr, Stéfanie Wohlfarth, Sophie Albrecht and Patricia Rüf. Formed by Hans Liebherr in 1949, Liebherr’s first mobile tower crane laid the foundation for its success. The business, whose parent company is based in Bulle, Switzerland, employs more than 35,000 people. It is one of the world’s largest manufacturers of construction machinery but also an acknowledged supplier of advanced technical products and services in many other business sectors.