Ex-SPD Leader Sigmar Gabriel Nominated for Rheinmetall Supervisory Board
Gabriel, a former German economy and foreign minister, emphasizes the need for a strong defense industry in Europe.
- Sigmar Gabriel, former SPD chairman and German minister, has been nominated to join the supervisory board of Rheinmetall, Germany's largest defense company.
- The nomination will be decided at Rheinmetall's annual general meeting in May 2025, with approval considered likely.
- Gabriel stated that his role aims to address the growing importance of a robust defense industry in ensuring Europe's security and stability.
- Rheinmetall has seen significant growth since the start of the Ukraine war, with its stock value increasing nearly sixfold and full order books.
- Gabriel, who has previous experience in corporate oversight roles, joins amidst the company's efforts to expand its influence and production capabilities.