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Mateschitz succession plan at Red Bull revealed
Energy-drinks giant Red Bull will be headed by a board consisting of three current members of senior management following the death of co-founder Dietrich Mateschitz, his son Mark said in a statement issued by the company on Friday. Mateschitz, considered Austria's richest man who died last month at the age of 78, founded the company in the 1980s with Thai business partner Chaleo Yoovidhya, turning it into a global brand that invested heavily in sports sponsorship and also bought football and Formula 1 teams. 'As proposed and desired by both my father and myself, and supported by our Thai partners, a Board of Directors will manage the business affairs of Red Bull,' Mark Mateschitz,...
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