Next-gen Felix Fiege to join board of family business

Next-gen Felix Fiege will join logistics provider Fiege Group's executive board in 2012, becoming the second member of the fifth generation to sit on the governing body.

The 33-year-old, who is managing director of the family business's engineering division, will sit alongside his father, chairman Hugo Fiege, as well as his uncle, Heinz Fiege, and cousin and fellow next-gen Jens Fiege.

The company’s other division heads - Thomas Knopf, Michael Müller, Peter Scherbel and Stefano Vincinelli - will also join the board, in a bid "to ensure a shorter decision-making process”, the German group announced in October.

“Speed is one of the advantages which we as a family-run company benefit from compared to larger rivals - and in future, it is our intention to use this asset even more strongly,” said Hugo in a statement. 

The new appointments will mean that non-family members will outnumber the family on the board, which currently includes three Fieges and two non-family directors.

Felix joined the group in 2008, after gaining experience at consumer group Unilever and Haniel, one of Germany's biggest family-owned conglomerates.

Jens, who previously worked at Bertelsmann Ventures and Lufthansa's logistics division, was the first member of the fifth generation to join, entering the family business in 2004.

The Fiege Group was founded in 1873 by Joan Joseph Fiege. In 2010, the group had a turnover of €1.5 billion.

CampdenFB will feature the Fiege Group in its Autumn edition.