Dr Thomas Lützenrath has over 18 years of experience in leading business improvement and transformation across 30 different companies, mainly in CEO or CRO roles. His previous positions include leading as CEO the successful turnaround of AMK Group, a manufacturer of electric drive and control technology, and Partner at Ernst & Young’s operational restructuring practice in Germany. His other prior roles have included a variety of leadership positions at Deutsche Telekom AG and Thomas Cook AG.
The appointment of Dr Thomas Lützenrath is the latest step taken by the Group and its majority shareholder Charterhouse Capital Partners LLP to guide BARTEC through the current challenges in the oil & gas markets.
Dr Thomas Lützenrath’s unique contribution of skills and experience will complement and strengthen the existing senior leadership team, comprising Mr Marcus Eisenhuth and Mr Eduard Sworski. Together, the team will accelerate the implementation of the Group’s strategy, which is aimed at improving efficiency and ensuring BARTEC retains its leading position. The Group has expressed that they are grateful to Mr Heiko Laubheimer for his efforts and contributions to BARTEC during his tenure as CFO and, latterly, as Co-CEO.
SEES A BRIGHT FUTURE
Dr Thomas Lützenrath, BARTEC Group CEO, said: “I look forward to working with Marcus Eisenhuth, Eduard Sworski, and BARTEC’s many talented staff around the world. Although BARTEC faces short-term market challenges, I firmly believe this strong business has a bright future. I can reassure all of our stakeholders that we will continue to serve our valued customers as we have always done, by delivering innovative products and solutions.”
Christian Fehling, Partner at Charterhouse Capital Partners LLP, said: “We are delighted to welcome such a specialist and talented CEO of Dr Thomas Lützenrath’s calibre to BARTEC. His extensive experience in transforming global businesses will complement the skills of the existing management team and we look forward to continuing to support BARTEC through the next chapter of its development.”