The Stuttgart-based cable and connection specialist Lapp will be managed by the third generation from October 1, 2022 and will remain a family business.
The Lapp family business from Stuttgart will be managed by the third generation from October 1, 2022. Matthias Lapp (39), grandson of company founder Ursula Ida Lapp, takes over as CEO of Lapp Holding AG. His uncle Andreas Lapp (66), President of the Management Board, and his father Siegbert E. Lapp (69), Chairman of the Supervisory Board, leave the Lapp Group’s operations on September 30, 2022.
“I am very happy to be leading Lapp into the future together with all the employees. We have a strong strategy and we are well positioned to respond to the main problems of our time for our customers, for example in the areas of digitization and sustainability, ”emphasizes Matthias Lapp. A generational change in the global market leader for integrated solutions in the field of cable and connection technologies began in 2017, when Matthias Lapp became CEO of the largest LA EMEA region, which also includes important German business.
Now the next big step is taking place: at the beginning of the 2022/23 fiscal year, Andreas Lapp will hand over the chairmanship to his nephew Matthias Lapp on October 1, 2022. It will take over the task in a dual function, in addition to the responsibility as CEO of LA EMEA. At the same time, Siegbert E. Lapp will hand over the position of the Chairman of the Supervisory Board to his current deputy, Dr. Hans Schumacher (67) who has been a member of the committee since 2015. At the same time, Andreas Lapp’s daughter Katharina Lapp (24) is appointed to the Supervisory Board. In the future, one family member will be represented on the board of directors and one member on the board of directors: Lapp will remain the family business.
Retirement after 42 and 35 years in managerial positions
When their father, Oskar Lapp, the founder of Lapp, died unexpectedly in 1987, brothers Siegbert E. and Andreas Lapp took over responsibility and have been running the company with their mother Ursula Ida Lapp ever since. For the past 35 years, they have worked together to transform Lapp into a global player and leader in the global connection technology market.
“My brother Andreas and I can look back on a rewarding and successful, but also very intense, professional life. We look forward to making things a little easier starting in October by dedicating ourselves to projects close to our hearts and following Lapp’s success story from the first row, ”says Siegbert E. Lapp, Chairman of the Supervisory Board. They both remain closely related to the company as owners and continue to support their children as mentors. “The world of business and work is changing and we trust young minds will guide Lapp through this change. We position ourselves for the future by staying true to our roots, our values and our identity as a family business. We are confident that the third generation, management and all employees working around the world will lead Lapp into a successful future, ”adds Andreas Lapp.
Matthias and Katharina Lapp: Decision for the company
As the eldest grandson of company founder Ursula Ida Lapp (1930-2021), Matthias Lapp joined the Lapp Group in 2010 after studying international business administration and working in various companies. As Managing Director of UI Lapp GmbH, from 2017 he was responsible for the regions of Latin America, Europe, Middle East and Africa (LA EMEA), and thus for the most important sales market of the Lapp Group. In this role, he successfully contributed to the internationalization of the Lapp Group and placed a strong emphasis on corporate culture and international cooperation.
Like her cousin Matthias, Katharina Lapp grew up with and with the company: from early childhood, she went to parties and events, and gained her first professional experience through summer work and internships in various fields at Lapp. She was project manager for the construction of Collège Andreas Lapp, a school in Côte d’Ivoire co-financed by Andreas Lapp, which was completed in 2019.
After graduation, she studied mechatronics and learned the basics of mechatronics, computer science and electrical engineering. Subsequently, she obtained a diploma in “International Management”, in which she placed particular emphasis on the African continent – one of the main strategic markets of the future of the Lapp Group.
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