During the course of an automotive crisis, an automotive supplier with 35 subsidiaries operating internationally had to file for insolvency. Ralf Schmitz and Dr. Benno Hank developed and implemented a restructuring concept which secured the company’s survival.
Restructuring and sale
The unresolved succession planning at a foundry group with sales of around €400 million left a gap in the management. Ralf Schmitz and Dr. Benno Hank were assigned control of the company with the aim of restructuring and successfully selling the corporate group.
Reorganisation and sale
Mismanagement and corruption on the part of the CEO caused a textile retailer, as the largest subsidiary of a diversified group, to end up in an acute crisis situation. Ralf Schmitz was assigned control of the company in order to save the group and safeguard many jobs that were under threat.
Threat of insolvency case
As a result of the slump in traffic and the low income from tolls associated with this, what is currently Germany’s largest PPP project (motorway) faced insolvency. Ralf Schmitz took over control of the company as CRO in order to stabilise the company and negotiate on an increase in the toll.