German headphones and electronics company Sennheiser has announced the appointment of two third-gens to take control of the family business.
Daniel and Andreas Sennheiser will take over as joint chief executives and speakers of the executive management board, effective 1 July.
Their father, Jorg, is the current chairman of the supervisory board. His father, Professor Fritz Sennheiser, founded the company in 1945.
In 2011 Sennheiser saw turnover of €531.4 million and employed more than 2,000 people.
The brothers were appointed to the management board in 2011, with Daniel acting as president of strategy and finance and Andreas heading the supply chain division.