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Refereeing Linde’s Power Struggle

wolfgang reitzle tobias hase-dpa
Supervisory board chairman Wolfgang Reitzle has to resolve a power struggle in Linde's top management.
  • Why it matters

    Why it matters

    • The Linde Group has enough problems with declining sales and orders. It can’t afford to be distracted by a fight at the top levels of management.
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  • Facts

    Facts

    • The Linde Group employs 65,000 around the world and had 2015 revenues of nearly €18 billion ($20 billion).
    • The gas and engineering company serves industrial, retail, trade, science, research and public sectors.
    • The company recently issued two profit warnings in quick succession.
  • Audio

    Audio

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Wolfgang Reitzle has a reputation as one of Germany’s most sought-after managers.

As a young man in the 1970s he was hailed as a prodigy at BMW, where he rose to lead product development.

Then after heading Ford’s Premier Automotive Group, he joined Munich-based Linde, the industrial gases and engineering giant, where he served as chief executive for 11 years. During his tenure, the company’s share price increased tenfold before he stepped down in 2014.

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