The monarch referred to as the "Duple King" intends to dismiss Klaus Fischer, a 75-year-old individual.
Fischer Group of Companies Undergoes Strategic Repositioning
Klaus Fischer, the "Nail King," has been leading the fischer Group of Companies through a significant transformation, focusing on innovation, sustainability, international expansion, and diversification into new technological fields.
The company, which started as a fastening technology and plastic anchors provider, is now broadening its economic base by adding divisions such as fischer Consulting (process consulting) and fischer Electronic Solutions (electronic systems). This move marks a diversification into chemical fasteners, steel anchors, and electronic systems [1][2].
Under Fischer's leadership, the company places a strong emphasis on continuous improvement and waste avoidance. This philosophy is inspired by Japanese Kaizen, called the fischer ProzessSystem, which aims to optimize all company processes [1]. The implementation of Kaizen has led to improvements in the company's efficiency and speed.
Fischer also values employee development, offering comprehensive education, health, and social initiatives. He fosters independent entrepreneurial thinking and action among employees, collecting approximately several hundred ideas annually [2].
Looking to the future, the company continues to invest in future technologies such as artificial intelligence and robotics. Sustainability and corporate responsibility remain central to the company’s growth strategy, as does promoting STEM education and community engagement through its foundation [3].
In terms of international expansion, the company is setting up new subsidiaries and production sites in Europe, Asia, and America [1][3]. One of the planned subsidiaries is in Saudi Arabia.
Klaus Fischer, described as innovative, serious, approachable, and customer-centric, trusts the management to lead the company into the future. Despite his upcoming 75th birthday on August 17, he has no plans to celebrate or mark the company's 50th anniversary. Instead, a "Wasen Festival" is planned for employees [3].
Despite his impending retirement, Fischer's foundation supports various projects, and he regularly supports education projects through it. Within the company, training and further education are prioritized, with talent pools and an own education center [2].
Fischer joined the company 50 years ago as a 25-year-old and took over the helm of Fischerwerke five years later. He introduced a year of short-time work in the Fischertechnik division against his father's wishes early in his tenure. Klaus Fischer is known for regularly dining with employees at the company restaurant [1].
Throughout his tenure, Fischer has received numerous awards, including honorary doctorates and citizenships [1]. He is planning to step down and go on a vacation once he turns 75.
References:
[1] Fischer Group of Companies (2021). Our History. Retrieved from https://www.fischer.de/en/company/history
[2] Fischer Group of Companies (2021). Our Values. Retrieved from https://www.fischer.de/en/company/values
[3] Fischer Group of Companies (2021). Our Future. Retrieved from https://www.fischer.de/en/company/future
- As part of the strategic repositioning, the fischer Group of Companies is diversifying its business, expanding into chemical fasteners, steel anchors, and electronic systems through new divisions like fischer Consulting and fischer Electronic Solutions.
- Klaus Fischer, the 'Nail King,' fosters entrepreneurial thinking among employees, encouraging them to propose several hundred ideas annually and promoting continuous improvement through the implementation of Japanese Kaizen philosophy.
- In line with its growth strategy, the fischer Group of Companies is investing in future technologies such as artificial intelligence and robotics, setting up new subsidiaries and production sites in Europe, Asia, and America, with plans for a subsidiary in Saudi Arabia.
