Handelsblatt – Raoul Nacke
When the stepson becomes boss
Many companies are facing transition. When the offspring lacks interest, more and more entrepreneurs adopt their successors.
Gerd Kichniawy is living proof that the German saying ‘the son takes, what the father makes’ is not necessarily true. The 71-year-old is the founder of GatcLP, a US-based company with a subsidiary in Düsseldorf. In early 2015 he handed over the management and shares of the 60-employee company to his stepson Max, his second wife’s son. Extraordinarily, Kichniawy already adopted Max ten years ago