Generation change at Würth: Grands Benjamin steps into the footsteps!

On January 1, 2024, an important generation change will take place at the Würth trading group. The grandson of Reinhold Würth, Benjamin Würth, will succeed the foundation supervisory board. Reinhold Würth, who is also known as a "screw king", hands over the position responsible after over 75 years of working. He will take the honorary chair in the council and plans to dedicate more time for private activities, including a trip to the Caribbean.

Benjamin Würth has announced that he continued his grandfather's corporate culture and offer the group both security and reliability. Despite an input tax decline of up to 30 percent in 2024, Benjamin Würth sees great growth potential because the company only holds about five percent market share on the world market. The company's equity ratio remains stable at 48 percent.

Change of management and corporate development

In addition to Benjamin Würth, Sebastian Würth will also take over the chair on the advisory board and Maria Würth will manage art and cultural activities. Reinhold Würth, who turns 90 in April, plans to interfere less in the company business in the future, but remains active in the background. The group has over 400 companies in 80 countries and employs more than 88,500 employees worldwide, including over 27,400 in Germany.

In the 2023 financial year, the Würth Group generated sales of 20.4 billion euros. Even if a sales minus of 2 percent and a decline in the input tax of 25-30 percent is expected for 2024, Benjamin Würth emphasizes the opportunities that the big market offers.

Würth has celebrated numerous successes in recent decades: Reinhold Würth took over his father's operation in 1954 and expanded it into a company that offers over a million products, including screws, tools and occupational safety items. Reinhold Würth is also a renowned art patron with a collection of over 20,000 works that the company also emphasizes in its cultural responsibility.

For further details and impressions of this important change, read the reporting of swr and Badische Zeitung .