executive shareholder of HiPP-Betriebe since 1968. After graduating and then gaining his doctorate as Dr. iur. he entered his father’s firm in 1963. Dr. Hipp is Honorary President of the Chamber of Industry and Commerce for Munich and Upper Bavaria as well as of the German-Russian Chamber of Foreign Trade in Moscow. He is also a professor at the State Academy of Fine Art in Tiflis, Honorary Consul of Georgia for Bavaria and Baden-Württemberg and Chairman of the German Business Association in Georgia.