Managing Director & Senior Partner
Jochen Schönfelder leads Boston Consulting Group’s Cologne office and is a member of BCG’s Consumer, Corporate Development, Industrial Goods, and Transform practices. He is an expert with BCG`s Transform practice area, which helps clients deliver rapid, visible performance improvements in the short term while strengthening their organizations and positioning them to win in the future. Jochen also leads BCG`s Transform practice in Central Europe.
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.
Overall, European companies have done well in the past couple of years. High inflation and interest rates remain a challenge, but resilience is the key to further growth.
According to a recent BCG survey, many companies in Germany, Austria, and Switzerland may struggle to simultaneously refinance outstanding debt and fund large-scale business model transformation.
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.
For companies on the brink, standard approaches to transformation are not enough. Instead, the leadership team must launch a turnaround or restructuring effort that can generate results fast.