Paulaner brand-owner Schörghuber Group has appointed co-CEO Florian Schörghuber as its sole chief executive.

Mr Schörghuber, who will take on the role in October, has been the family-owned company’s co-CEO with Nico Nusmeier since July 2022.

Nusmeier, who has been at the helm of the group since 2019, will move to the company’s foundation board.

Before becoming co-CEO, Mr Schörghuber had been chief executive of the company’s investment arm Blue Lion Gmbh.

According to a company statement, his ascent to sole chief executive was “planned and initiated by the family and the executive board in 2019”.

“We appointed Nico Nusmeier to head our group five years ago with the aim of making [the business] fit for the future,” a joint statement from Florian Schörghuber and board member Alexandra Schörghuber read.

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“After successfully negotiating ongoing crises, he was instrumental in initiating the transformation of our group and driving it forward. We’d like to thank him wholeheartedly for doing this.”

Nusmeier will also remain president of the board at the business’s Chile-based seafood subsidiary, the Productos del Mar Ventisqueros.

Nusmeier said: “Together, we’ve fundamentally repositioned the group within all its challenging markets and charted a course for sustainable, profitable growth. It is a good time to hand over the baton to Florian Schörghuber. I wish him a good run at all times.”

The holding company Schörghuber Stiftung said in a statement it is taking advantage of the planned leadership change to reshuffle the company’s executive board.

The enterprise will add Stefan Fischbach as CFO and Alexandra Schörghuber as a member without an area of responsibility.

Schörghuber will add a chief operating officer to the team, who will be in charge of investment management and operations.

The group, founded in 1954, and headquartered in Munich is present in beverages, seafood, development, real estate and hotels.

The group’s subsidiaries include German beer maker Paulaner Brewery, which is run as a joint venture with Heineken.

Schörghuber owns 70% of Paulaner, while Heineken holds 30%. Paulaner operates across 14 breweries.

Last year, former tobacco executive Jörg Biebernick was appointed Paulaner’s CEO.

Biebernick succeeded Jörg Lehmann, who resigned in April last year due to a difference of opinion with the group’s owners on how to grow the brewer.