Dietmar Axt’s Withdrawal As CEO From Mustang GmbH

Oppenhoff has advised Dietmar Axt, the former CEO and shareholder of Mustang.

Dietmar Axt, the former CEO and shareholder of Mustang, announced his withdrawal from the Baden-Württemberg textile company. Axt sold his shares to a co-shareholder. The parties agreed not to disclose the purchase price.

Dietmar Axt had already resigned from his office as CEO in 2019 after eight years. Differences of opinion arose upon his withdrawal from the company as a shareholder. These were resolved by the parties in a notarial general settlement.

Mustang was founded as a family company. The shares in Mustang GmbH are held on behalf of various investors by a holding company. The denim specialist, based in Schwäbisch Hall, has about 120 employees.

The  Oppenhoff was led by Dr. Sebastian Zeeck (Picture) and Dr. Vanessa Pickenpack.

Involved fees earner: Vanessa Pickenpack – Oppenhoff; Sebastian Zeeck – Oppenhoff;

Law Firms: Oppenhoff;

Clients: Dietmar Axt;

Author: Federica Tiefenthaler