Jochen Schönfelder leads The Boston Consulting Group’s Cologne office and is a member of BCG’s Consumer, Corporate Development, Industrial Goods, and Transformation practices. He is an expert with BCG TURN, which helps clients deliver rapid, visible performance improvements in the short term while strengthening their organizations and positioning them to win in the future.
Since joining BCG in 2014, Jochen’s client work has focused on the automotive, technical and engineered products, and renewable energy sectors. He has acquired deep experience in restructuring and turnaround management.
Prior to joining BCG, Jochen was a partner at Roland Berger.
When a company’s existence is on the line, the finance department needs a laser focus on short-term liquidity.
Business leaders in many industries face massive challenges on almost all fronts because of COVID-19. The situation is especially dire for highly affected industries like auto, non-food retail and travel & tourism.
Companies in crisis face increasing complexity and risk in the financing process—and new players at the negotiating table. Adopting sophisticated and realistic restructuring plans, among other success factors, will help.
