STADA CFO Wolfgang Ollig passed away unexpectedly

The drug company Stada surprisingly lost its CFO Wolfgang Ollig. Ollig died surprisingly last weekend at the age of only 54, as the company announced on Thursday. Apparently, Ollig died on a bike ride in the Taunus due to health problems without external influences, as a spokesman for the “FAZ” announced.

Stada is shocked. “On behalf of all Stada employees, I express my condolences to Wolfgang’s wife and his three children. We are shocked and devastated by the loss of Wolfgang. We will miss his expertise, energy and commitment,” says CEO Peter Goldschmidt.

Ollig managed Hella’s IPO in 2014

Ollig took over the CFO position at Stada on February 1, 2020 and led the group through the corona crisis and accompanied the massive growth boom of the drug supplier through several brand acquisitions. Before joining Stada, he worked for around ten years as CFO at the automotive supplier Hella. During this time he issued several corporate bonds and supported the company in its 2014 IPO.

In 2016, the CFO moved to Singapore, where he took over the financial management of the Sivantos Group and gained private equity experience. Sivantos had previously belonged to Siemens, and in 2014 the hearing aid manufacturer’s business was sold to PE investor EQT. In February 2020, Ollig returned to Germany as CFO of Stada.

Stada: Ollig accompanied M&A marathon

Within the Stada Group, Ollig has recently accompanied the M&A offensive, such as the takeover of a drug portfolio from Takeda Pharmaceutical in Japan for the equivalent of around 550 million euros. In addition, Ollig wanted to secure the financing of the expansion plans beyond the European borders to the USA, China and Russia, as the CFO revealed in the FINANCE interview last year.

As his successor, Boris Döbler will assume financial responsibility at STADA on an interim basis. Döbler has previously worked for the company as Group Vice President of Global Financial Planning & Analysis. He joined Stada in 2019 as CFO Europe.

jasmin.rehne[at]finance-magazin.de

Jasmin Rehne is an editor at FINANCE and focuses on the topics of controlling and human resources. She studied language and communication in Marburg. In addition to her studies, Jasmin Rehne was already working as a student assistant at FINANCE.

The article is in German

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