The Liebherr Group is arranged decentrally and divided into eleven product divisions, which operate autonomously. The holding company is Liebherr-International AG. It fulfills directing, coordinating and monitoring functions. This structure ensures uniformity regarding central company matters and, at the same time, makes it possible to react quickly to market demands. Liebherr-International AG in Bulle (Switzerland) is the central holding company of the Group. The highest echelon of this Swiss enterprise is the administrative board. It fulfills not only management but also monitoring functions. As members of the supervisory board, the active shareholders of the Liebherr family form the governing. This body decides on all fundamental matters concerning company policy, development and product policy as well as financial and investment policy.