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Heinz Hermann Thiele

Heinz Hermann Thiele

German businessman
Heinz Hermann Thiele
The basics

Quick Facts

Intro German businessman
Is Businessperson Entrepreneur
From Germany
Type Business
Gender male
Birth 2 April 1941, Mainz, Rhineland-Palatinate, Germany
Age 80 years
Star sign Aries
Residence Munich, Upper Bavaria, Bavaria, Germany
Education
Ludwig Maximilian University of Munich
Awards
Bavarian Order of Merit  
Peoplepill ID heinz-hermann-thiele
The details (from wikipedia)

Biography

Heinz Hermann Thiele (born 2 April 1941) is a German billionaire businessman, and the chairman of Knorr-Bremse, a German brakes maker, and chairman of Vossloh, a German transport technology manufacturer.

Early life

Thiele was born in Germany. He earned a master's degree in law (LLM), from the Ludwig Maximilian University of Munich.

Career

Thiele began to work for Knorr-Bremse in 1969 as a patent lawyer. He joined the company's executive board (Vorstand) in 1985. That year, when the grandson of founder Georg Knorr wanted to sell his shares, Thiele was commissioned to find a buyer. During the process, Deutsche Bank told him that if he bought it himself, the bank would act as guarantor. He purchased a controlling stake and later became sole owner.

After becoming chief executive in 1987, Thiele initiated big structural changes and narrowed the group’s focus to braking technology. He joined the company's supervisory board (Aufsichtsrat) in 2007. In 2018, he announced plans to take the company public on the Frankfurt Stock Exchange in what was considered the country’s second-largest initial public offering of 2018.

According to Forbes, Thiele has a net worth of $14.6 billion, as of May 2019.

Thiele was the largest shareholder in the German airline Lufthansa as of June 21, 2020. When Lufthansa agreed to a state bailout amid the Coronavirus recession in 2020, Thiele raised his stake in the company from 10 to more than 15 percent.

Personal life

Thiele is married, with two children, and lives in Munich.

The contents of this page are sourced from Wikipedia article on 07 Aug 2020. The contents are available under the CC BY-SA 4.0 license.
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Reference sources
References
https://www.forbes.com/profile/heinz-hermann-thiele/
https://www.ft.com/content/59175e2e-ba40-11e8-8274-55b72926558f
https://www.channelnewsasia.com/news/business/germany-to-hold-crisis-talks-with-lufthansa-investor-over-bailout--source-12856400
https://www.reuters.com/article/healthcoronavirus-lufthansa-rescue/lufthansa-shareholder-thiele-raised-stake-to-15-faz-idUSL8N2DT61N
https://d-nb.info/gnd/1021282960
https://viaf.org/viaf/232566614
https://www.worldcat.org/identities/containsVIAFID/232566614
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