The non-profit Martin+Marianne Haefner Foundation based in Zurich is part of their succession planning, Haefner spokesperson Aloys Hirzel told the news agency AWP on Tuesday confirming an earlier article in the Luzerner Zeitung.
“The foundation will one day hold all company shares,” said Hirzel.
However, this will only be the case when neither of them is still alive, the newspaper said.
“The assets of the Haefner couple, including the company holdings, will only be held by the foundation after the death of the two founders,” Hirzel stressed.
More
More
Swiss charitable foundations continue to flourish
This content was published on
Switzerland has one of the highest concentrations of philanthropic foundations in the world – and the sector keeps growing strongly.
Martin Haefner will be 70 years old in 2024. In addition to Amag, the former mathematics teacher owns shares in industrial companies such as Swiss Steel, Autoneum and Rieter.
For charitable purposes
According to the commercial register, the foundation was established in mid-December 2024. The chair of the board of trustees is the chair of the board of directors of Zurich Airport, Josef Felder, who has been on the board of directors of Amag for many years and is its vice chair.
More
More
Unchecked empires: who watches Geneva’s million-franc foundations?
This content was published on
Wealthy donors come from around the world to create their non-profit foundations in Geneva. Where does the money come from? (Part 2).
The foundation’s assets are to be used for charitable purposes, primarily in Switzerland, in four areas of activity: science and technology, combatting absolute poverty, culture and biodiversity of flora and fauna.
According to the commercial register, the main focus of donations will be on science and technology as well as combatting poverty and promoting women.
Adapted from German by DeepL/sb
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a look here, if you want to learn more about how we use technology, click here, and if you have feedback on this news story please write to english@swissinfo.ch.
Popular Stories
More
Banking & Fintech
UBS releases ‘hundreds’ of staff in fresh wave of job cuts
Should Switzerland take measures to support its struggling industries?
Industrial policies are back in fashion, not only in the United States but also in the EU. Should Switzerland, where various industries are struggling, draw inspiration from such policies?
Asian investors sue Switzerland over Credit Suisse bond losses
This content was published on
More than 500 investors from Singapore, Japan and Hong Kong have launched claims against Switzerland in relation to AT1 bonds.
Man cleared of Geneva diplomat murder but convicted of rape
This content was published on
The Swiss Federal Criminal Court has acquitted an Ivorian-Italian dual national of murdering an Egyptian diplomat in Geneva in 1995.
Switzerland to cut funding for gala cultural events from 2029
This content was published on
Large-scale Swiss cultural events, such as the Locarno Film Festival, will lose state funding from 2029 as part of a cost-cutting drive by the administration.
Ideas to recover ammunition from Swiss lakes flood in
This content was published on
An appeal to the public to suggest ways to safely retrieve 8,000 tons of munitions from the bottom of Swiss lakes has yielded around 100 proposals.
This content was published on
Swiss public television SRF will axe 50 full-time positions by the beginning of next year as it aims to make CHF9 million in savings.
Explosion in global patents for transport innovations
This content was published on
The number of patents for transport innovations has exploded in the last 20 years, rising 700% to 120,000 by 2023, says WIPO.
Swiss NGO Terre des hommes loses $10m from US aid freeze
This content was published on
The Swiss-based NGO Terre des hommes is losing $10 million in annual contributions as a result of the suspension of humanitarian aid by the United States administration.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.