diff --git a/src/company_type.h b/src/company_type.h
--- a/src/company_type.h
+++ b/src/company_type.h
@@ -36,7 +36,7 @@ enum Owner : byte {
 };
 DECLARE_POSTFIX_INCREMENT(Owner)
 
-static const uint MAX_LENGTH_PRESIDENT_NAME_CHARS = 32; ///< The maximum length of a president name in characters including '\0'
+static const uint MAX_LENGTH_PRESIDENT_NAME_CHARS = 48; ///< The maximum length of a president name in characters including '\0'
 static const uint MAX_LENGTH_COMPANY_NAME_CHARS   = 32; ///< The maximum length of a company name in characters including '\0'
 
 static const uint MAX_HISTORY_QUARTERS            = 24; ///< The maximum number of quarters kept as performance's history