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Pullach (dpa) - Generation change at the top of Germany's largest car rental company: In the middle of the Corona crisis, the 76-year-old CEO and major shareholder Erich Sixt is handing over the helm to his sons Alexander and Konstantin.
After the annual general meeting on June 16, shortly before his 77th birthday, Erich Sixt is leaving the management board and will then take over the chairmanship of the supervisory board, the company announced in Pullach near Munich.
The supervisory board appointed Alexander and Konstantin Sixt as joint chairmen of the board from June 17th.
With them, the fourth generation of the Sixt family takes over management of the company.
Alexander and Konstantin Sixt studied business administration in London and Paris and have been on the board since 2015.
You are responsible for the group strategy and for sales and are driving the consolidation and digital networking of classic car rental, car sharing and car subscriptions.
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Erich Sixt led the company for half a century.
As a 25-year-old he took over the management of the taxi company at that time with 200 rental cars in Munich for his sick father in 1969 and finally made it into a group with almost three billion euros in sales, which alternates with the French competitor Europcar as number one in Europe and growing rapidly in the US.
Lockdowns and travel restrictions in the Corona crisis caused sales to collapse last year, however - Erich Sixt announced the first annual loss in the company's history in November.
He wants to present the balance sheet figures on Tuesday.
The company patriarch had made it clear in response to speculations about the entry of VW: “The company is my life.
I would never sell that. "
He always wanted his family to be in control of the business.
Until the Corona crisis, Sixt general meetings had something of family celebrations when father and sons sat on the podium and mother Regine Sixt advertised her Children's Aid Foundation at the lectern.
Because he always speaks freely, has his own opinion and enjoys the provocation, they were also quite entertaining.
Usually he also presents a new advertising idea.
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Erich Sixt has already experienced many serious crises since 1969 - as early as the 1973 oil crisis with a driving ban, he said he thought that would be the end of the company.
However, this is in very good shape with enough equity to cope with years of losses, CEO Sixt recently emphasized.
© dpa-infocom, dpa: 210301-99-646047 / 2