Leadership Succession

Food Group Oetker Settles Family Feud

Alfred Oetker Source Jochen
Alfred, Julia and August Oetker.
  • Why it matters

    Why it matters

    The vote this week over leadership by the Oetker family may smooth decision making in Germany’s largest foods maker.

  • Facts

    Facts

    • Dr. Oetker generated €2.13 billion, or $2.6 billion, in sales in 2013.
    • The Oetker group owns foods, beer, a bank, a shipping line and luxury hotels.
    • August Oetker founded the company in 1891 and August, the current patriarch, is his great grandson.
  • Audio

    Audio

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The ownership family of Germany’s largest foods group, Oetker, on Wednesday settled a long-running dispute between two half brothers that had threated to hobble the country’s largest family-owned business.

According to Handelsblatt sources close to Oetker, the family voted to elect Alfred Oetker second-in-charge behind family patriarch August Oetker on the supervisory board, which hires and fires executives and sets major strategy.

The move was a victory for Alfred Oetker, 48, in a firm that makes a range of foods from frozen pizza to cake mixes to Radeberger beer. Founded by Rudolf-August Oetker in 1891, the company began as a baking powder maker and branched into foods, shipping and Bankhaus Lampe, a private bank.

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