25/05/04

Reinhold Würth and Heinrich v. Pierer Inducted into Hall of Fame

Reinhold Würth and Heinrich von Pierer Inducted into Hall of Fame of German Industry

The businessman and screw wholesaler Professor Reinhold Würth and Siemens executive Heinrich v. Pierer have been inducted into the "manager magazin's" Hall of Fame. Each year the business magazine honours outstanding figures within the German economic field by awarding them with membership of the symbolic Hall of Fame (characterised by the motto: "Merge against the despondent and the mediocre").

Paying tribute to the newly-inducted member of the Hall of Fame during the official celebrations in Kronberg, former Federal President Roman Herzog described Reinhold Würth as an "extraordinary businessman" who had also established himself as a great philanthropist and patron of the arts. Roman Herzog documented Professor Würth's success in transforming his company from a medium-sized wholesale business to a vast multinational with annual sales exceeding 5.4 billion euro. Herzog also highlighted Professor Würth's charitable deeds and pointed out his exemplary commitment to his home region of Franconia, citing in particular the art gallery which was founded with his assistance in Künzelsau.

The second new member in the Hall of Fame was praised by Peter Sutherland, chairman of the investment bank Goldman Sachs, for his "impeccable management capabilities." Heinrich v. Pierer demonstrated the utmost righteousness in his position as Chairman of the Board of Management at Siemens AG. Through courage and persistence v. Pierer succeeded in holding the Siemans Group together in difficult times and in overseeing the expansion of the Group of truly international grandeur. Especially impressive was v. Pierer's ability to engage in dialogue with his employees and their representative bodies, according to Sutherland.

manager magazin has thus far received in excess of 39 individuals into the Hall of Fame - businesspeople, managing executives, union leaders and politicians who have all rendered a great service to the German economy. Current members include among others Josef Neckermann (Neckermann Dispatch Services), Reinhard Mohn (Bertelsmann), Berthold Beitz (Krupp) and former ministers for economic affairs Ludwig Erhard and Karl Schiller.