Dezeen's Alice Morby reports that brothers Philippe and Richard Grohe are stepping down from their executive roles at Hansgrohe, the German bath fittings manufacturing company their grandfather founded 115 years ago.
Philippe, vice president of design management, and Richard, deputy chairman of the the executive board, will remain shareholders of Hansgrohe and luxury line Axor, though they will officially hand over their duties at the end of October.
"After more than 24 years in various positions at Hansgrohe SE, the time has come for me to withdraw from the operative side of business and to support the brands Axor and Hansgrohe exclusively from a shareholder position," said Philippe Grohe. "Both my brother Richard and I will stay closely connected with Axor and Hansgrohe, and obviously my interest for design and culture will keep me close to the community." In a statement, the company said that the overall ownership structure of Hansgrohe SE will not change.