Legendary entrepreneur Werner 12123324 dies at the age of 102 (DE)

The businessman and entrepreneur from Hamburg Prof. Dr. h.c. Werner Otto, founder of the mail-order company OTTO and the shopping center development company ECE, died on Wednesday, December 21, 2011, at the age of 102 in the presence of his family in Berlin.

Werner Otto.


Werner Otto was one of the last living post-war trade pioneers, who had considerable influence on the Federal Republic's economic, socio-political and social development due to their visionary power, distinctive inventiveness, and entrepreneurial courage.

Maren Otto, wife of Werner Otto: “My husband was very fortunate to grow old in a harmonic and loving family. He consciously did something for his health and lived in a disciplined manner. But his probably most important principle of life was to still have objectives in old age.

“We are deeply grateful that our family was spared major misfortunes.”

Dr. Michael Otto, oldest son of Werner Otto, entrepreneur and Chairman of the Supervisory Board of the Otto Group: “My father had a fulfilled life. He always concerned himself with the future and accomplished a lot as an entrepreneur. Most notably he saw the human being as focal point of all his actions. He was socially committed and a valuable and intimate conversational partner.”

Alexander Otto, youngest son of Werner Otto and ECE CEO: “My father was a real visionary, who was fortunate enough to be able to realize his ideas in good health and with thirst for action and who was often successful in doing so – whether with the otto group, ECE or other activities in the USA. But most of all, he was a good father who always inspired and encouraged me.”

Source: ECE

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