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      |  Karl Schlecht  |  Speeches  |  Being mindful regarding the future

Being mindful of the future provides a sense and purpose in life

In late 1998, in line with long-standing plans and as the founder and owner of Putzmeister-AG up until the present time, I brought all shares into two foundations,  KSG(Karl Schlecht gemeinnützige Stiftung) and KSF(Karl Schlecht Familienstiftung) foundations. They are both largely for public benefit, as a contribution to sustained continuity of the meanwhile globally successful family of companies.

Following legal rules and to ensure full benefit to the public of the KSG which holds 99% of the shares, the PM Group was supplemented by founding the PM Holding GmbH (PMH). It owns all of the Putzmeister AG shares and forms to 99% part of the public benefit KSG foundation– which holds a mere 10% of the PMH votes. The entrepreneurially decisive majority with 90% of the vote is with the KSF family foundation, holding only 1% of the PMH shares, though.

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