Dr. Ben Lipps is a German-American businessman who served as the CEO of Fresenius Medical Care AG & Co. KGaA, a global healthcare company specializing in dialysis products and services, from 2003 to 2012. He was born on October 2, 1941, in Houston, Texas, USA, and obtained a Ph.D. in Chemical Engineering from the University of Houston.
Lipps began his career as a research scientist and later worked at a number of pharmaceutical companies, including Bristol-Myers and Abbott Laboratories. He joined Fresenius Medical Care, a subsidiary of Fresenius SE & Co. KGaA, in 1996 as Chief Operating Officer and was appointed CEO in 2003.
Under Lipps’ leadership, Fresenius Medical Care became the world’s largest provider of dialysis products and services, with operations in more than 120 countries. He oversaw significant growth and expansion of the company, including the acquisition of Renal Care Group, a major U.S. dialysis provider.
Lipps’ estimated net worth is around $200 million, largely due to his success as CEO of Fresenius Medical Care. Much of his wealth is believed to be derived from his stock holdings in the company, as well as from his compensation as CEO.
Apart from his business career, Lipps is known for his philanthropic activities. He and his wife have donated millions of dollars to various educational and charitable organizations, including the University of Houston, the Houston Symphony Orchestra, and the Boys & Girls Clubs of America.
In 2012, Lipps retired as CEO of Fresenius Medical Care, but he continued to serve as a member of the company’s supervisory board until 2019. He was also a member of the board of directors of several other companies, including Viatris and FMC Corporation.
Here is a brief timeline of Dr. Ben Lipps’ life and career:
- October 2, 1941: Ben Lipps is born in Houston, Texas, USA.
- 1965: Lipps obtains a Ph.D. in Chemical Engineering from the University of Houston.
- 1965-1995: Lipps works at a number of pharmaceutical companies, including Bristol-Myers and Abbott Laboratories.
- 1996: Lipps joins Fresenius Medical Care as Chief Operating Officer.
- 2003-2012: Lipps serves as the CEO of Fresenius Medical Care.
- During his tenure, Fresenius Medical Care becomes the world’s largest provider of dialysis products and services, with operations in more than 120 countries. Lipps oversaw significant growth and expansion of the company, including the acquisition of Renal Care Group.
- Present day: Lipps’ estimated net worth is around $200 million, largely due to his success as CEO of Fresenius Medical Care.
Here are 5 interesting facts about Dr. Ben Lipps:
- Lipps is a licensed professional engineer and a member of the National Academy of Engineering.
- In 2007, Lipps was inducted into the Texas Business Hall of Fame.
- Lipps and his wife have donated millions of dollars to various charitable and educational organizations.
- Lipps is a former Chairman of the Board of Trustees of the University of Houston.
- Lipps is also a former Chairman of the Board of the National Kidney Foundation.
Here are 5 quotes attributed to Dr. Ben Lipps:
- “My philosophy has always been to let the professionals do their job, give them the tools they need to succeed, and let them run with it.”
- “One of the things I’ve learned is that you need to have a strong moral compass. It’s about doing what’s right, not just what’s expedient.”
- “One of the things that drives me is a passion to create something bigger than myself.”
- “Leadership is about setting the tone, making sure that people understand what the company stands for, and then getting out of the way and letting them do their job.”
- “The most successful leaders are those who can motivate people to work towards a common goal.”
