Siegfried Meister, founder, major shareholder and chairman of the supervisory board of thermal food technology specialist Rational AG, has passed away at the age of 78.
Supervisory board member, deputy chairman and Rational shareholder Walter Kurtz will assume temporary chairmanship of the supervisory board.
A statement from the company said: “It is with great sadness that Rational AG announces the passing of Siegfried Meister on 28 July at the age of 78 years after a brief, serious illness. The supervisory board, management board and all employees mourn an exceptional entrepreneur, and will continue the company in the spirit of Mr. Siegfried Meister.”
Meister started producing convection ovens in Landsberg over 40 years ago with the objective of making work easier for those who prepare hot food in professional kitchens.
The combi-steamer was born in 1976 when Meister and his team added steam to the hot, dry air in the oven, revolutionising the production processes, organisation and efficiency of commercial kitchens.
From 1998, Meister had acted as the chairman of the supervisory board and in 2000 he floated Rational AG on the stock exchange.
Dr Peter Stadelmann, chief executive officer of Rational AG, commented: “The wellbeing of the entrepreneurs in the company was very important to Mr Meister. This makes us all the more sad about our great loss, and we are committed to continuing his lifetime’s work in his spirit.”
Founded in 1973, Rational employs 900 staff in Germany and 1,800 worldwide.
The company has been listed in the Prime Standard of the Frankfurt Stock Exchange since its IPO in 2000, and is currently included in the MDAX.