Gerhard Seele will continue to serve as managing director of seele group GmbH even though his son Michael is now the majority stakeholder. © seele / Thomas Dashuber

The seele group, a family-run business based in Gersthofen, Germany, announced that Gerhard Seele is transferring his majority stake to his son, Michael.

Gerhard Seele will remain managing director of seele group GmbH. Siegfried Gossner, co-founder of the seele group of companies, is a member of the supervisory board and still serves as a technical advisor to the company.

“After almost 20 years in the company, the obvious next move for Michael is to take over this position, especially while ‘seele seniors’ are still around to provide support during the transition,” Gerhard Seele says.