Michael Buscher

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Michael Buscher (born June 25, 1965 in Hanau ) is a German manager . From July 1, 2013 to December 31, 2014, he was CEO of Knorr-Bremse AG , Germany. Previously, as Chief Executive Officer , he led the Swiss industrial group OC Oerlikon out of the greatest crisis in its company's history.

Career

After graduating from high school and military service, Buscher studied electrical engineering at the Technical University of Darmstadt . There he graduated in 1990 with a degree in engineering and received his doctorate in 1995.

After completing his studies, Buscher took on various specialist and management positions at AEG , ABB , Adtranz and DaimlerChrysler Rail Systems . From 2003 he was Vice President of the Locomotives business unit at Bombardier, responsible for the restructuring of global locomotive development. In 2004 he also joined the management team at Bombardier Switzerland. In February 2007 he took over the management of the Propulsion & Controls business unit.

In May 2010, Buscher succeeded Hans Ziegler as CEO of OC Oerlikon. At this point in time, the group was in financial difficulties: at the end of the 2009 financial year, its net debt was 1.65 billion Swiss francs and the EBIT loss was 589 million Swiss francs. A far-reaching operational restructuring and strategic realignment of the group took place under Buscher's leadership. At the end of the 2012 financial year, the group was free of net debt and the EBIT profit was 421 million Swiss francs.

In March 2013 it was announced that Buscher wants to reorient himself professionally and is leaving the company. In April 2013, it was announced that Buscher would become CEO of Knorr-Bremse on July 1, 2013, and he was a member of its Supervisory Board until then. Buscher left Knorr-Bremse AG at the end of 2014 to pursue other professional tasks.

Michael Buscher is CEO and together with Jan Hummel (Chairman of the Board of Directors) founder and main shareholder of CITTTIC AG . CITTTIC Industries started business in July 2015 with the acquisition of the Schaltag Group.

Individual evidence

  1. ^ Dirk Ruschmann: OC Oerlikon: A count number for Oerlikon. Balance sheet , May 27, 2011, accessed June 24, 2013 .
  2. ↑ Torsten Riecke: A restructuring case awaits the new boss. Wirtschaftswoche , February 11, 2010, accessed June 24, 2013 .
  3. ↑ Werner Grundlehner: Will Viktor Vekselberg save the OC Oerlikon? 20 Minuten , February 9, 2009, accessed June 24, 2013 .
  4. ↑ Beat Gygi: Sale of the solar business: Japan-Optik for Oerlikon SolarJapan-Optik for Oerlikon Solar. Neue Zürcher Zeitung , November 27, 2012, accessed on June 24, 2013 .
  5. ↑ Beat Hebeisen: The sum of the Oerlikon divisions is worth more. (No longer available online.) Finanz und Wirtschaft , February 8, 2012, formerly in the original ; Retrieved June 24, 2013 .  ( Page no longer available , search in web archives )  Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.@1@ 2Template: Toter Link / history.fuw.ch  
  6. ↑ Walther Becker: Oerlikon lays the foundation for future growth. Börsenzeitung , July 11, 2012, accessed June 24, 2013 .
  7. ↑ Oerlikon completes refinancing. Handelszeitung , July 20, 2012, accessed June 24, 2013 .
  8. ↑ Beat Hebeisen: Oerlikon is bursting with dynamism. (No longer available online.) Finanz und Wirtschaft , May 2, 2012, formerly in the original ; Retrieved June 24, 2013 .  ( Page no longer available , search in web archives )  Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.@1@ 2Template: Toter Link / history.fuw.ch  
  9. ↑ Holger Paul: restorer of an icon. Frankfurter Allgemeine Zeitung , July 12, 2012, accessed June 24, 2013 .
  10. ↑ Giorgio V. Müller: Oerlikon has found its shape. Neue Zürcher Zeitung , December 4, 2012, accessed June 24, 2013 .
  11. ↑ Oerlikon CEO Michael Buscher leaves the company. Media release from OC Oerlikon, March 14, 2013, accessed on June 24, 2013 .
  12. ↑ Christoph Stricker: Oerlikon boss surprisingly resigns. Neue Zürcher Zeitung , March 14, 2013, accessed on June 24, 2013 .
  13. ↑ Dr. Michael Buscher is appointed CEO of Knorr-Bremse AG. Press release from Knorr-Bremse, April 10, 2013, accessed June 24, 2013 .
  14. ^ Changes in the Executive Board of Knorr-Bremse AG. Press release from Knorr-Bremse, November 10, 2014, accessed on January 9, 2015 .
  15. ↑ CITTTIC AG. Retrieved December 14, 2017 .

Web links

personal data
SURNAME Buscher, Michael
BRIEF DESCRIPTION German manager, CEO of Knorr-Bremse (since July 2013)
DATE OF BIRTH June 25, 1965
PLACE OF BIRTH Hanau