A German billionaire and ski enthusiast went missing while training on the Swiss Alps last week and is now presumed dead.
Karl-Erivan Haub, the CEO of Tengelmann Group, a German holding company with several retail and grocery store subsidiaries, went missing last Saturday on the Matterhorn mountain. His family put out a statement Friday through the company that the search and rescue mission has transitioned into a search to find his body.
Sieglinde Schuchardt, a spokesperson for Tengelmann Group called the incident a “tragedy,” in the statement.
“This misfortune is a terrible and unbelievable tragedy for the Haub family as well as for the whole company,” said Schuchardt.
“After more than seven days in the extreme weather conditions of a glacier region, there is no longer any hope of survival for Karl-Erivan Haub,” the statement continued.
Haub, 58, was skiing by himself when he didn’t return and missed a meeting at his hotel in Zermatt, Switzerland, according to German public broadcaster Deutsche Welle.
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SOURCE: Newsweek, Joe DiFazio
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