FINANCE

The shareholders of the Roche family will maintain stability


Reuters file photo: A logo of the Swiss pharmaceutical company Roche in Rotcruz, Switzerland, April 12, 2012. Reuters / Michael Buholzer / File photo

ZURICH (Reuters) – The next generation of successors could maintain “very confident” stability in the pharmaceuticals company after the next-generation heirs join the investor’s family, he told NZZ am Sonntag.

“The new generation has the same value as the old family members,” Andre Hoffman, the great grandson of the company’s founder, told the newspaper in an article published on Sunday.

“Our role as the owner family is to enable Rock to focus on creating sustainable values ​​in the long run.

A pooling agreement between the descendants of the company’s founder, Fritz Hoffmann-La Roche, has existed since 1948, and was extended indefinitely in 2009. In 2019 the fifth generation was admitted to the pool.

Hoffman, Ruff’s vice chairman, said family ownership of big companies doesn’t always work.

“If it works, it’s a big strength for the company. If it doesn’t, it could be devilish,” he said.

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