Hubert Burda, the 84-year-old founder of Hubert Burda Media, is passing the reins of his family-owned media empire to his children, Jacob and Elisabeth. With a legacy dating back to 1903, the company, headquartered in Offenburg and Munich, has been a formidable presence in the publishing industry, boasting renowned magazines such as 'Bunte' and 'Focus'.
The siblings, already shareholders since 2010 and members of the Supervisory Board since 2017, will officially assume leadership in February 2025. Under their guidance, they aim to continue the transformation of the company, which generated a revenue of 2.8 billion euros in 2023 and employs around 10,000 people.
Hubert Burda will remain a personally liable partner and take on the role of honorary chairman of the holding company, ensuring a smooth transition and continued family involvement. This shift marks a new chapter for the company, embracing its fourth generation of leadership while maintaining its robust family ties and commitment to innovation.
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