Difference between revisions of "Wolfgang Reitzle"

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|description=German manager in the automotive industry, including BMW and Ford.Chairman of the Advisory Council of the [[Munich Security Conference]].
 
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|alma_mater=Technical University of Munich
 
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'''Wolfgang Reitzle'''  is a German [[business executive]]. He attended the [[Bilderberg/1992|1992]], [[Bilderberg/1993|1993]] and [[Bilderberg/2012|2012]] Bilderberg meetings.
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==Early life and education==
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After leaving his school in Ulm, Reitzle continued his education at the [[Technical University of Munich]] where he studied [[mechanical engineering]] and economics.  In 1971, aged just 22, he became [[Technical University of Munich|Munich's]]  youngest ever "Diplom-Ingenieur" graduate. In 1974, he received his doctorate in Engineering (Dr.-Ing.).
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==Career==
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In 1976, he joined [[BMW]] where he would progress to the No. 2 position.  He was in charge of product development for more than ten years from 1987, presiding with meticulous attention over the development and launch of a string of successful models.<ref name=AutoMotoruSport199613> ""Die Zukunft des Autos liegt in neuer Einfachheit": Interview mit BMW Entwicklungschef Wolfgang Reitzle...". Auto Motor u. Sport. Heft. Vol. 13 1996. 14 June 1996. pp. Seite 52–54</ref>
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Between 1999 and 1 May 2002,<ref name=Autocar200204">Reitzle vanquished". Autocar. 232. Vol. (nbr4). 5 May 2002. p. 11</ref> Reitzle was the head of [[Ford Motor Company|Ford]]'s [[Premier Automotive Group]], overseeing the [[Volvo Cars|Volvo]], [[Jaguar Cars|Jaguar]], and [[Land Rover]] [[Brand|marques]].  He let it be known that he left Ford when it became clear that he would not have sufficient control of developing new models through to the production process:  the cost containing instincts of fellow director [[Nick Scheele]] were destined to ensure that the [[Premier Automotive Group|PAG]] vehicles would not benefit from his uncompromising approach sufficiently to compete on level terms with market leaders such as [[Lexus]] and [[BMW]].<ref name=CAR200207>"Insider: Wolfgang Reitzle. The man behind some of the world's best cars has quit the industry. He tells us why". CAR Magazine. July 2002. pp. 50–51</ref>
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When he left Ford, Reitzle denied having been offered a role with [[General Motors]] as heir apparent by [[Bob Lutz (businessman)|Bob Lutz]], initially taking over responsibility for [[Opel]] and [[Saab Automobile|Saab]]:  Ford had provided him with sufficient experience of US auto industry corporate culture.<ref name=CAR200207/>  A naval metaphor that he was prepared to place on record was that he "would rather be captain on a destroyer than first officer on an aircraft carrier".<ref name=CAR200207/>
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He instead quit the car business and became [[Chief Executive Officer|CEO]] of [[The Linde Group]], at that time a leading manufacturer of [[Forklift truck|Fork-lift trucks]]  and currently the world's largest [[industrial gas]] company, joining the board in 2002 and becoming a chairman in 2003.  He was replaced at Ford by [[Mark Fields (businessman)|Mark Fields]],<ref>https://www.forbes.com/2002/04/19/0419flint.html</ref> who had previously headed up [[Mazda]].<ref name=CAR200207/>
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In Munich, on 3 May 2016 Reitzle was elected as Chairman of the Supervisory Board of Linde AG.<ref>http://www.the-linde-group.com/en/news_and_media/press_releases/news_20160503.html</ref>
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In January 2018 Reitzle was appointed to the supervisory board of the fashion company Bogner. He resigned this post in 2019.<ref>https://www.handelsblatt.com/unternehmen/handel-konsumgueter/modebranche-ex-linde-chef-reitzle-gibt-vorsitz-in-bogners-aufsichtsrat-ab/25034142.html</ref>
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Wolfgang Reitzle has invested in several startups in recent years. For example, he and his wife [[Nina Ruge]] together with the billionaire investor [[Michael Pieper]] have acquired a stake in the biotech company Tomorrowlabs GmbH.<ref>https://www.handelszeitung.ch/unternehmen/das-neue-beauty-investment-von-michael-pieper|access-date=2020-12-03</ref> The company, which was founded in 2016 in Vienna by the physician [[Dominik Duscher]] and pharmacologist [[Dominik Thor]], is based on the patent-pending HSF ([[Hypoxia-inducible factors|"HIF strengthening factor"]]) active ingredient, which is supposed to promote skin and hair regeneration.<ref>https://www.handelsblatt.com/unternehmen/mittelstand/familienunternehmer/kosmetikbranche-wie-das-beauty-start-up-tomorrowlabs-den-markt-erobert/25523424.html</ref><ref>https://kurier.at/wirtschaft/wirtschaft-von-innen/milliardenmarkt-anti-aging-start-up-aus-oesterreich-mischt-mit/400989071</ref>
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==Other activities==
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===Corporate boards===
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* [[Continental AG]], Chairman of the Supervisory Board<ref>https://www.zeit.de/news/index|title=Schlagzeilen, News und Newsticker</ref>
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* [[Deutsche Telekom]], Member of the Supervisory Board
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* [[Holcim]], Chairman of the Board, Chairman of the Governance & Strategy Committee, Member of the Nomination & Compensation Committee (since 2014)<ref>https://www.lafargeholcim.com/</ref>
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* [[KION Group]], Member of the Supervisory Board<ref>http://www.linde.de/international/web/linde/like35lindecom.nsf/docbyalias/page_ch_personalities_reitzle</ref>
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* [[Deutsche Bank]], Member of the European Advisory Board (since 2003)<ref>[https://annualreport.deutsche-bank.com/2003/ar/supplementaryinformation/advisoryboard.html 2003 Annual Report: Advisory Boards] [[Deutsche Bank]].</ref>
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===Non-profit organizations===
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* [[Kunsthistorisches Institut in Florenz]] (KHI), Member of the Board of Trustees<ref>[https://www.khi.fi.it/Board_of_Trustees Board of Trustees] [[Kunsthistorisches Institut in Florenz]] (KHI).</ref>
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* [[Munich Security Conference]], Chairman of the Advisory Council<ref>[https://www.securityconference.de/en/about/advisory-council/ Advisory Council] [[Munich Security Conference]].</ref>
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* [[Roland Berger|Roland Berger Foundation]], Member of the Board of Trustees<ref>[http://www.rolandbergerstiftung.org/die-stiftung/die-gremien/?tx_lombperson_pi2%5Bgremium%5D=1&tx_lombperson_pi2%5Baction%5D=detail&tx_lombperson_pi2%5Bcontroller%5D=Committee&cHash=ea215dfb5a23fd7add1739f17794ce48 Board of Trustees] [[Roland Berger|Roland Berger Foundation]].</ref>
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* [[Senckenberg Nature Research Society]], Member of the Board of Trustees<ref>[http://www.senckenberg.de/root/index.php?page_id=17049 Board of Trustees] [[Senckenberg Nature Research Society]].</ref>
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* [[Technical University of Munich]] (TUM), Member of the Board of Trustees<ref>[http://www.tum.de/die-tum/die-universitaet/hochschulrat/ Board of Trustees] [[Technical University of Munich]] (TUM).</ref>
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* [[Stifterverband für die Deutsche Wissenschaft]], Treasurer and Member of the Board of Trustees (2007-2013)<ref>[https://www.stifterverband.org/kuratorium Board of Trustees] [[Stifterverband für die Deutsche Wissenschaft]].</ref>
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==Personal life==
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Reitzle has two daughters by his first marriage. In September 2001, he married television presenter [[Nina Ruge]].
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Latest revision as of 00:08, 15 February 2022

Person.png Wolfgang Reitzle  Rdf-entity.pngRdf-icon.png
(businessman)
Dr Wolfgang Reitzle 2012.jpg
Born7 March 1949
Neu-Ulm, Bavaria, Germany
NationalityGerman
Alma materTechnical University of Munich
SpouseNina Ruge
Member ofMunich Security Conference/Advisory Council
German manager in the automotive industry, including BMW and Ford.Chairman of the Advisory Council of the Munich Security Conference.

Wolfgang Reitzle is a German business executive. He attended the 1992, 1993 and 2012 Bilderberg meetings.

Early life and education

After leaving his school in Ulm, Reitzle continued his education at the Technical University of Munich where he studied mechanical engineering and economics. In 1971, aged just 22, he became Munich's youngest ever "Diplom-Ingenieur" graduate. In 1974, he received his doctorate in Engineering (Dr.-Ing.).

Career

In 1976, he joined BMW where he would progress to the No. 2 position. He was in charge of product development for more than ten years from 1987, presiding with meticulous attention over the development and launch of a string of successful models.[1]

Between 1999 and 1 May 2002,[2] Reitzle was the head of Ford's Premier Automotive Group, overseeing the Volvo, Jaguar, and Land Rover marques. He let it be known that he left Ford when it became clear that he would not have sufficient control of developing new models through to the production process: the cost containing instincts of fellow director Nick Scheele were destined to ensure that the PAG vehicles would not benefit from his uncompromising approach sufficiently to compete on level terms with market leaders such as Lexus and BMW.[3]

When he left Ford, Reitzle denied having been offered a role with General Motors as heir apparent by Bob Lutz, initially taking over responsibility for Opel and Saab: Ford had provided him with sufficient experience of US auto industry corporate culture.[3] A naval metaphor that he was prepared to place on record was that he "would rather be captain on a destroyer than first officer on an aircraft carrier".[3]

He instead quit the car business and became CEO of The Linde Group, at that time a leading manufacturer of Fork-lift trucks and currently the world's largest industrial gas company, joining the board in 2002 and becoming a chairman in 2003. He was replaced at Ford by Mark Fields,[4] who had previously headed up Mazda.[3]

In Munich, on 3 May 2016 Reitzle was elected as Chairman of the Supervisory Board of Linde AG.[5]

In January 2018 Reitzle was appointed to the supervisory board of the fashion company Bogner. He resigned this post in 2019.[6]

Wolfgang Reitzle has invested in several startups in recent years. For example, he and his wife Nina Ruge together with the billionaire investor Michael Pieper have acquired a stake in the biotech company Tomorrowlabs GmbH.[7] The company, which was founded in 2016 in Vienna by the physician Dominik Duscher and pharmacologist Dominik Thor, is based on the patent-pending HSF ("HIF strengthening factor") active ingredient, which is supposed to promote skin and hair regeneration.[8][9]

Other activities

Corporate boards

Non-profit organizations

Personal life

Reitzle has two daughters by his first marriage. In September 2001, he married television presenter Nina Ruge.


 

Events Participated in

EventStartEndLocation(s)Description
Bilderberg/199221 May 199224 May 1992France
Royal Club Evian
Evian-les-Bains		The 40th Bilderberg. It had 121 participants.
Bilderberg/199322 April 199325 April 1993Greece
Nafsika Astir Palace Hotel
Vouliagmeni		The 41st Bilderberg, held in Greece
Bilderberg/201231 May 20123 June 2012US
Virginia
Chantilly		The 58th Bilderberg, in Chantilly, Virginia. Unusually just 4 years after an earlier Bilderberg meeting there.
Munich Security Conference/200920092009Germany
Munich
Bavaria		The 45th Munich Security Conference
Munich Security Conference/20105 February 20107 February 2010Germany
Munich
Bavaria		An anti-war demonstration outside described it as "Nothing more than a media-effectively staged war propaganda event, which this year had the purpose of justifying the NATO troop increase in Afghanistan and glorifying the continuation of the war as a contribution to peace and stability."
Munich Security Conference/20114 February 20116 February 2011Germany
Munich
Bavaria		The 47th Munich Security Conference
Munich Security Conference/20123 February 20125 February 2012Germany
Munich
Bavaria		The 48th Munich Security Conference
Munich Security Conference/20131 February 20133 February 2013Germany
Munich
Bavaria		The 49th Munich Security Conference
Munich Security Conference/201717 February 201719 February 2017Germany
Munich
Bavaria		The 53rd Munich Security Conference
Munich Security Conference/201812 February 201814 February 2018Germany
Munich
Bavaria		The 54th Munich Security Conference
Munich Security Conference/201915 February 201917 February 2019Germany
Munich
Bavaria		The 55th Munich Security Conference, which included "A Spreading Plague" aimed at "identifying gaps and making recommendations to improve the global system for responding to deliberate, high consequence biological events."
Munich Security Conference/202014 February 202016 February 2020Germany
Munich
Bavaria		The 56th Munich Security Conference, in 2020, "welcomed an unprecedented number of high-ranking international decision-makers."
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References

  1. ↑ ""Die Zukunft des Autos liegt in neuer Einfachheit": Interview mit BMW Entwicklungschef Wolfgang Reitzle...". Auto Motor u. Sport. Heft. Vol. 13 1996. 14 June 1996. pp. Seite 52–54
  2. ↑ Reitzle vanquished". Autocar. 232. Vol. (nbr4). 5 May 2002. p. 11
  3. ↑ a b c d "Insider: Wolfgang Reitzle. The man behind some of the world's best cars has quit the industry. He tells us why". CAR Magazine. July 2002. pp. 50–51
  4. ↑ https://www.forbes.com/2002/04/19/0419flint.html
  5. ↑ http://www.the-linde-group.com/en/news_and_media/press_releases/news_20160503.html
  6. ↑ https://www.handelsblatt.com/unternehmen/handel-konsumgueter/modebranche-ex-linde-chef-reitzle-gibt-vorsitz-in-bogners-aufsichtsrat-ab/25034142.html
  7. ↑ https://www.handelszeitung.ch/unternehmen/das-neue-beauty-investment-von-michael-pieper%7Caccess-date=2020-12-03
  8. ↑ https://www.handelsblatt.com/unternehmen/mittelstand/familienunternehmer/kosmetikbranche-wie-das-beauty-start-up-tomorrowlabs-den-markt-erobert/25523424.html
  9. ↑ https://kurier.at/wirtschaft/wirtschaft-von-innen/milliardenmarkt-anti-aging-start-up-aus-oesterreich-mischt-mit/400989071
  10. ↑ https://www.zeit.de/news/index%7Ctitle=Schlagzeilen, News und Newsticker
  11. ↑ https://www.lafargeholcim.com/
  12. ↑ http://www.linde.de/international/web/linde/like35lindecom.nsf/docbyalias/page_ch_personalities_reitzle
  13. ↑ 2003 Annual Report: Advisory Boards Deutsche Bank.
  14. ↑ Board of Trustees Kunsthistorisches Institut in Florenz (KHI).
  15. ↑ Advisory Council Munich Security Conference.
  16. ↑ Board of Trustees Roland Berger Foundation.
  17. ↑ Board of Trustees Senckenberg Nature Research Society.
  18. ↑ Board of Trustees Technical University of Munich (TUM).
  19. ↑ Board of Trustees Stifterverband für die Deutsche Wissenschaft.


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