Urgent.News

What's breaking now, across thousands of outlets.

Business

Kühne Foundation: Grey Eminence of the Swiss Economy: Thomas Staehelin Takes Over Kühne's Legacy

The Basel lawyer has been confirmed as a possible successor to patriarch Klaus-Michael Kühne, who died in the night of Monday, for more than a year. Staehelin junior also has a say in the company.

Translated from German Read in German

Kühne Foundation: Grey Eminence of the Swiss Economy: Thomas Staehelin Takes Over Kühne's Legacy

Klaus-Michael Kühne, a logistics billionaire, has died at the age of 89. Thomas Staehelin, a Swiss lawyer and partner at Fromer Schultheiss & Staehelin in Basel, is set to become the new president of the Kühne-Stiftung, which manages Kühne's approximately 30 billion Swiss franc fortune. Staehelin, 78, has extensive experience in Swiss business and has served on numerous boards, including Swissport, Lenzerheide Bergbahnen, and the Privatbank Scobag.

He was chosen by Klaus-Michael Kühne as his successor earlier this year, and may be succeeded in turn by his son Tobias, who has been on the Kühne-Stiftung board since 2023.

Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.

Read the original at handelsblatt.com →

More in Business

Family Bank opens 98th branch in Upper Hill

The new branch will serve corporates, professional services firms, institutions, small and medium-sized enterprises and individuals in Upper Hill and surrounding areas.

  • Family Bank opens 98th branch in Upper Hill, Nairobi.
  • New branch at Beacon Mall targets corporates and SMEs.
  • Expansion aligns with bank's 2025-2029 growth strategy.

More from Monday 24 August →