Peter Harf to retire from JAB after overseeing $50bn-plus deal spree

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The President of the European Jab Holding Peter Harf retires in more than 40 years, building the fortune of the German billionaire Rayman’s family, as he created his consumer portfolio insurance and asset management.

The 78-year-old German executive will manage to manage partners and co-chair Joachim Creus and Frank Engelen, Picnic announced Monday. Creus will become a chair, and Engelen will serve as vice president.

Harf’s pension ends for four decades, in which he became one of the most powerful transactions in Europe.

He is accredited by Reimann Family Independent German Chemicals, a conglomerative, including a Congolomerate pepper, ambitious Dr. and JDE Peet.

Harf helped to turn into the heirs of intensive private Remanni, which brings his wealth to the formation of benzumies in the business of chemicals in 1823 billionaires.

In 2012, Harf created the investment group Jab Holdings. Along with the wealth of the family, Jab’s Partners raised its investments in consumer brands to substantiate other rich families and endowments for $ 50 billion.

However, consecration of consumerly consumer brands was poorly overwhelmed by the epidemic with sharp changes in the epidemic, and with further inflationary growth, which compressed the consumer’s expensing force. AB Abes is aggressively diversifying life insurance and asset management to search for more reliable income flows.

Reiman’s family spokesman says Craeus and Engelen “set a mandatory strategic vision to prepare Jabe for the next generation of steady long-term growth.”

The spokesman added that during the past year, the couple has launched a new FIRM insurance department and has made its first achievement in the field. Prosperity Life Deal, which manages $ 25 billion active, appreciable The insurer is more than $ 3 billion.

Despite his new focus, Jab Abk continues to hold significant stakes in consumer companies, including the Beauty Group Coty and Panera brands that belong to bakery and coffee shops. The value of Jab’s Portfolio exceeds $ 70 billion.

On Monday, the company stated that Harf remains “fully invested” in the firm and continued to serve the President of the Non-Commercial Organization of the Rayman Family, Alfred File Foundation.

“I would like to thank Roman’s family, who, more than 40 years ago, entrusted me to travel to life,” said Harf. “Now is the time to cross the new generation of leadership.”