Long-term entrepreneurship recognized as a model for success
Richi AG from Weiningen was honored with the Phoenix Award 2024 for successful succession in the SME category. The family-run construction company, founded in 1924, impresses with its innovation, sustainability and long-term continuity. The award recognizes the achievements of the third and fourth generation.
The construction company Richi AG in Weiningen has been awarded the successor prize Phoenix Award 2024 in the category SMEs with 100 to 250 employees. According to a press release, the company was founded in 1924 by Jakob Richi as a gravel pit and today comprises five divisions with 150 employees, is still family-run and is managed by the third and fourth generations. Chairman of the Board of Directors Jakob Richi (third generation) and David Richi (fourth generation) accepted the award on Wednesday, December 4, in Weiningen. David Richi is a member of the Board of Directors and the Executive Board.
Today, Richi AG comprises five divisions, it continues. These are the supply of building materials using recycled gravel and concrete, the recycling of building rubble, the company’s own photovoltaic system, a biomass power plant as well as cranes and special transportation.
“This succession award is a wonderful tribute to us as a family or family entrepreneurs, for whom a succession plan that is right for everyone is an important concern,” David Richi, representing the third and fourth generations, is quoted as saying in his acceptance speech. At the same time, the award is a great recognition for the entire company team and its commitment.
The Phoenix Award for long-term Swiss entrepreneurship has been presented annually by the Swiss umbrella organization for business succession(CHDU) since 2020. The award honors Swiss SMEs that have mastered their succession planning for at least a century. According to the press release, in the canton of Zurich, with its 113,000 companies, of which around 17,800 are facing an open succession, only just under 20 companies achieve this every year.