28/04/04

Reinhold Würth Awarded Ludwig Erhard Medal

Professor Reinhold Würth, Chairman of the Würth Advisory Board, was presented with the Ludwig Erhard medal on the evening of Tuesday, 27th April 2004.

Künzelsau. Professor Reinhold Würth, Chairman of the Würth Advisory Board, was presented with the Ludwig Erhard medal on the evening of Tuesday, 27th April 2004. The foundation - named after the legendary minister for economic affairs Ludwig Erhard - rewards individuals who have attained exemplary results in their work for the public good and for the development of the social market economy. To this extent the Ludwig Erhard foundation wished to pay tribute to the lifetime achievements of Reinhold Würth as a businessman, in addition to his involvement in the social and cultural domains.

At the ceremony in Stuttgart's "Neues Schloss," Martin Grüner the treasurer of the Ludwig Erhard foundation highlighted the commercial achievements of Reinhold Würth as a classic example of the economic miracle in post-war Germany. With his economic reforms Ludwig Erhard laid the foundations for career paths such as those pursued by Professor Würth. In the space of 55 years, Reinhold Würth managed to transform the small screw company in rural Künzelsau, which he took over following the death of his father, into an international group with an annual turnover of 5.4 billion euro and an employee tally exceeding 42,000.

For Christoph Palmer, the state minister who gave the main lecture, Reinhold Würth represents the ideal prototype of a "businessman cum proprietor." His character combines both "visionary foresight" and "practically-channeled creative power" in an exceptional manner. In Palmer's words he is "committed humanist and European, an impressive art patron, a profound judge of human character and a great salesperson and motivator."

For the much-decorated individual concerned this was a "special day." The chairman of the Würth Advisory Board deemed the award to be "a great honour" and thus far extended his warmest thanks to the Ludwig Erhard foundation. In his thank-you speech entitled "The Courage to Assume Responsibility" Professor Würth called on everybody to identify with Germany as a business location. In this regard he suggested that the ability of citizens to assume responsibility independently be developed and that the State withdraw from many spheres of daily life. "Politics must act according to the principles laid down by Ludwig Erhard. If such a path is followed, then this country will have a bright future ahead," he added.