The Munich retailer Ludwig Beck has to plan without Bruno Sälzer.
On Monday, the company announced in an ad hoc announcement that the former CEO of Hugo Boss had resigned from his position as chairman of the supervisory board with immediate effect. At the end of September, the 68-year-old will also be leaving the supervisory board, of which he has been a member since 2018. The committee will now deal with a succession plan “in a timely manner,” according to the report.
Sälzer was elected chairman of Ludwig Beck’s supervisory board in the summer of 2020. He had previously managed several well-known clothing companies. From 2002 to 2008 he was at the head of the Metzingen fashion group Hugo Boss AG. He then also led the fashion house Escada and the sportswear provider Bench as CEO.
Ludwig Beck did not give reasons for Sälzer’s resignation. The retailer recently announced that real estate entrepreneur Alfons Doblinger had secured a majority stake in the company.