Heinz Schimmelbusch

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Heinz C. Schimmelbusch (* 1944 in Vienna ), nicknamed "Schibu", is a German-Austrian industrial manager based in Wayne , Pennsylvania (USA). He is CEO of the Advanced Metallurgical Group (AMG) in Amsterdam.

Life

Schimmelbusch studied economics at the University of Tübingen and received his doctorate there with a thesis on the elements of a theory of irreversible consumer behavior .

Time at the metal company

1973 began his professional career at Metallgesellschaft AG (MG). In 1989, at the age of 44, he took over as CEO of the company from his predecessor Dietrich Natus . He was the youngest CEO in the history of MG. Through numerous, mostly externally financed company acquisitions, he operated an aggressive expansion strategy around the two newly defined strategic core fields of environmental technology and metal raw materials, whereby the design could also be generous in individual cases. The number of employees rose from 38,000 to 62,000 within three years. He became a member of the Presidium of the Federation of German Industries and the Presidium of the International Chamber of Commerce in Paris. In 1991 manager magazin named him Manager of the Year.

In 1993 there was a massive imbalance in oil futures in North America. At the insistence of Deutsche Bank , which appointed Ronaldo Schmitz as chairman of the supervisory board and was both a shareholder and main bank of MG, the futures contracts were sold contrary to Heinz Schimmelbusch's opinion. Whether this measure was correct is still controversial today. The sale of the contracts led to realized losses of around 1.2 billion euros. Together with the already high level of debt, there was a threat of acute insolvency . The situation was exacerbated by public disputes between Ronaldo Schmitz and Heinz Schimmelbusch. Schimmelbusch had to hand over his office to Karl-Josef Neukirchen in the same year .

Subsequent entrepreneurial activities

Schimmelbusch then started a second career by building up a raw material-related group of companies in which he himself holds shares. Since 1994, Heinz Schimmelbusch has been CEO of the "Allied Resource Corporation" he founded and Managing Director of "Safeguard International Fond", a private equity company.

In addition, Heinz Schimmelbusch held the following supervisory functions:

On June 23, 2007, the FAZ reported that Heinz Schimmelbusch founded a new company called Metallgesellschaft, after the name had been deleted from the commercial register a few years earlier. The business purpose of the new MG based in Elsteraue is trading in non-ferrous metals.

On June 30, 2008, Heinz Schimmelbusch was elected to the supervisory board of the Russian raw materials group MMC Norilsk Nickel .

Individual evidence

  1. ↑ ( Page no longer available , search in web archives: AMG website )@1@ 2Template: Dead Link / www.amg-nv.com
  2. ↑ "Schibu", the unfinished . commercial paper. 2008-07-04. Retrieved September 9, 2014.
  3. ↑ MG company history (s)
  4. ↑ Int. Harald Tribune of August 10, 2007
  5. ↑ Disgraceful finish . manager magazine online. 2001-08-28. Retrieved September 9, 2014.
  6. ↑ Int. Harald Tribune of August 10, 2007
  7. ^ Internet site Allied Resource Corp. ( Memento from April 3, 2007 in the Internet Archive )
  8. ↑ Safeguard International website
  9. ↑ Envirotherm website ( Memento from September 28, 2007 in the Internet Archive )
  10. ↑ PFW website
  11. ↑ ALD website
  12. ^ Website of Graphit Kropfmühl AG
  13. ↑ Elizabeth Dostert: Metallgesellschaft, the second . sueddeutsche.de. May 17, 2010. Retrieved September 9, 2014.
  14. ^ Stendal district court file number: HRB 5689
personal data
SURNAME Schimmelbusch, Heinz
ALTERNATIVE NAMES Schimmelbusch, Heinz C .; Schibu (nickname)
BRIEF DESCRIPTION German-Austrian industrial manager
DATE OF BIRTH 1944
PLACE OF BIRTH Vienna