New Chief Restructuring Officer supports transformation of the BENTELER Group

Salzburg, June 19, 2020. Dr. Arno Haselhorst was appointed Chief Restructuring Officer (CRO) of the BENTELER Group with effect from June 18, 2020. The experienced manager will strengthen the Executive Board of BENTELER International AG as fourth member and accompany the transformation of the Group. He has more than 30 years of experience in industry and consulting with a focus on strategy development, digitalization and restructuring. In his new function he will be responsible for the restructuring measures within the transformation program of the BENTELER Group. "In the context of the Covid-19 pandemic, our transformation program is more important than ever. We are pleased to have Dr. Haselhorst on board, a highly experienced leader," says Ralf Göttel, CEO of the BENTELER Group. "In this newly created position, Dr. Haselhorst, as an experienced restructuring expert, will help to intensify and further accelerate the restructuring measures." Ralf Göttel emphasizes: "Our clear goal is to lead our company into the future stronger than before. I would like to take this opportunity to thank our employees once again for their support, also during this special time.”

About the transformation program of the BENTELER Group

Since 2018, the BENTELER Group has been implementing a transformation program with the goal of improving cost structures, growing profitably and securing the financial future in the long term. Thus a comprehensive restructuring process was initiated at an early stage, in which the course has already been set: The company concentrates on its core business as a metal process specialist with a focus on the automotive sector. In the Automotive Division, BENTELER has improved purchasing processes and created a more cost-efficient, leaner organization; targeted investments were made in the growth area of electromobility and strategic partnerships in the technology environment.
In 2019 BENTELER has started a program to safeguard the future of the Steel/Tube Division: This includes the revision of the strategic orientation, the optimization of the product portfolio and sales structure as well as capacity adjustments at German locations. In addition, BENTELER has strengthened cooperation between its plants.

The transformation of the BENTELER Group is to be intensified in 2020 and restructuring measures will be accelerated.