Mr Michael Baur has been appointed as Chief Restructuring Officer of the BENTELER Group with effect from February 11, 2021. The experienced manager will strengthen the Executive Board of BENTELER International AG as its third member and will support the operational implementation of the restructuring process. Dr Arno Haselhorst, who previously held the position of CRO, will leave the company. The experienced restructuring manager was appointed to the Executive Board of the BENTELER Group as CRO in June 2020. Since this time, he has successfully stabilized the confidence of more than 100 financing partners and important customers in the future of the company.
Mr Baur, Managing Partner of the consulting firm AlixPartners, is an experienced management consultant and manager specializing in financial and operational reorganizations and transformations. He has led numerous restructuring and performance improvement projects for mid-sized companies and large corporations. AlixPartners has many offices around the world and is therefore ideally positioned to support the upcoming measures internationally.
During the next phase of the transformation, the focus will be on the operational implementation of the restructuring measures already in place. These primarily include initiatives to improve earnings, a focused product range and targeted investments in growth areas and core markets.