PubliGroupe CEO Schuhmacher sells fiduciary company - new allegations
Fritz Schuhmacher is parting company with Internationale Treuhand AG. The company comes under fire for the foundation of a former Publicitas director.
Fritz Schuhmacher, Vice President of the
Board of Directors (BoD) of PubliGroupe, is separating from his company
Internationale Treuhand AG (Itag). Schuhmacher and the second
main shareholder, Konrad Annasohn, have sold their shares to the Basler
consulting firm Remaco Merger, as reported by the SonntagsZeitung
reported. The two are leaving all the BoDs of the Itag Group. Against
Schuhmacher and Annasohn, as well as other Itag employees, will be
Investigations conducted on suspicion of property offenses. With the
sale, the company group is to be guided into calmer waters,
writes the SonntagsZeitung. "In the interests of our
employees and customers to secure the future of the - intact - company",
Schumacher told the newspaper. However, the latter has already
allegations have been identified. Itag is said to have been involved in setting up the
Gerstenhauer family foundation have ripped the family off.
The foundation is the legacy of the former Publicitas Director General
Jean-Robert Gerstenhauer, who died in 1968. She is with 11,27 %
the largest single shareholder of PubliGroupe; as its representative, he was
Fritz Schuhmacher joins the Board of Directors of the Lausanne-based advertising group. According to the
SonntagsZeitung, the foundation was established against the wishes of the founder.
is not subject to official supervision, but is instead
controlled exclusively by Itag itself, which also controls the
foundation. The profits would also not be transferred to
family members, but would largely flow back into the
Foundation. A member of the family is now suing for annulment
of the foundation.
Board of Directors (BoD) of PubliGroupe, is separating from his company
Internationale Treuhand AG (Itag). Schuhmacher and the second
main shareholder, Konrad Annasohn, have sold their shares to the Basler
consulting firm Remaco Merger, as reported by the SonntagsZeitung
reported. The two are leaving all the BoDs of the Itag Group. Against
Schuhmacher and Annasohn, as well as other Itag employees, will be
Investigations conducted on suspicion of property offenses. With the
sale, the company group is to be guided into calmer waters,
writes the SonntagsZeitung. "In the interests of our
employees and customers to secure the future of the - intact - company",
Schumacher told the newspaper. However, the latter has already
allegations have been identified. Itag is said to have been involved in setting up the
Gerstenhauer family foundation have ripped the family off.
The foundation is the legacy of the former Publicitas Director General
Jean-Robert Gerstenhauer, who died in 1968. She is with 11,27 %
the largest single shareholder of PubliGroupe; as its representative, he was
Fritz Schuhmacher joins the Board of Directors of the Lausanne-based advertising group. According to the
SonntagsZeitung, the foundation was established against the wishes of the founder.
is not subject to official supervision, but is instead
controlled exclusively by Itag itself, which also controls the
foundation. The profits would also not be transferred to
family members, but would largely flow back into the
Foundation. A member of the family is now suing for annulment
of the foundation.
