29 April 2016
St. Gallen, 29 April 2016 – Effective from the 13th of May 2016, Karl-Theodor zu Guttenberg, former German Minister of Economics and former Minister of Defence, will be appointed to the Board of Directors of Mountain Partners AG. As a globally active company builder, Mountain Partners is currently invested in more than 80 technology startups in Europe and through its 7 international hubs.
Karl-Theodor zu Guttenberg explains his motivation for his engagement as follows: “The special expertise of Mountain Partners in building fast growing technology companies was crucial to my decision. Especially their clear focus on those emerging markets which still stand at the very beginning of their digitalisation shows that the company has significant development potential. Furthermore I can identify with the vision of the company and the style of leadership. Conny Boersch and his team are characterised by their strong commitment and economic sustainability. Accordingly I can also see clear synergies with Spitzberg Partners.“
Dr. Cornelius Boersch commented as follows: “I am very happy that KT zu Guttenberg has now answers our call. In the past few years I have gotten to know him as a forward-looking and strategically acting entrepreneur who I have also come to value as a close friend.”
About Karl-Theodor zu Guttenberg
Karl-Theodor zu Guttenberg is the Chairman and one of the founders of Spitzberg Partners LLC, a boutique corporate advisory and investment firm headquartered in New York. Spitzberg Partners provides strategic counsel and investment insights on European and international political, economic, technology, and security matters. Mr. zu Guttenberg served as Minister of Economics and Technology and then as Minister of Defense in the cabinet of German Chancellor Angela Merkel. As the youngest Defense Minister in German history, he led the most significant structural reform of the German armed forces since its founding. During his time in office he was Germany’s most popular politician. Karl-Theodor zu Guttenberg was a member of the German Parliament (Bundestag) during 2002-2011 and served as spokesman on the Foreign Affairs Committee. Mr. zu Guttenberg was also a Member of the Parliamentary Assembly of the Council of Europe and Secretary General of Germany’s co-governing CSU party. He is a Distinguished Statesman at the Center for Strategic and International Studies (CSIS) in Washington DC and serves as Senior Advisor on global internet freedom to the European Commission leadership. In May 2016 Karl-Theodor zu Guttenberg will be appointed to the board of directors of Mountain Partners.