Economy & Politics

Power struggle ended: new owner creates facts at the weapons manufacturer

Oberndorf: The G36 assault rifle is in a showroom at the weapons manufacturer Heckler & Koch. A new major shareholder has taken power in the arms manufacturer Heckler & Koch. Photo: dpa / Patrick Seeger


A new major shareholder has taken power in the arms manufacturer Heckler & Koch. For the first time in almost two decades, the German investor Andreas Heeschen is no longer in charge.

Oberndorf – A new major shareholder has taken power in the arms manufacturer Heckler & Koch. An online general meeting took place on Thursday at the company’s headquarters in Oberndorf, at which the Luxembourg financial holding CDE prevailed against the German investor Andreas Heeschen in several votes. Heeschen had held the majority in H&K from 2002 onwards, but had to cede it to CDE in July because of a long-ago pawnbrokerage. The holding company used the shareholders’ meeting to reverse decisions from the Heeschen era. A resolution was overturned according to which the German is entitled to a supervisory board mandate.

The victim of the power struggle was the former General Inspector of the Bundeswehr, Harald Kujat, who joined the supervisory board a year ago at the suggestion of Heeschen and moved to its head. The CDE had rejected these personnel and accused Kujat of lacking economic knowledge. A first motion to vote out at the end of 2019 failed because Heeschen still held the majority at the time and stood by Kujat. That did not help the retired general anymore, since Heeschen only holds a minority share in the company. In the votes, the CDE side received roughly three quarters and the Heeschen side received a quarter of the votes cast.

In view of the new majority, the 78-year-old military had already announced his resignation in July, which took effect on Thursday. Another Heeschen confidante also left the supervisory board, while a CDE representative was re-elected to the committee. Who will be Kujat’s successor as chairman of the supervisory board is still open. The board now wants to have this court ordered.



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