Red Bull has divided management duties among a handful of European executives, distancing the company’s day-to-day leadership from the family of billionaire founder Dietrich Mateschitz less than two weeks after his death in Austria at age 78.
The passing of Mateschitz had stoked speculation as to who would take over the global energy drink maker, with Austrian media reporting that the company’s Thai majority shareholders, the Yoovidhya family, were looking to take more control.
