Schachinger Logistics achieves turnaround and appoints new CEO

CEO Benjamin Büscher leaves the industry logistics specialist at his own request; the focus is on maintaining financial stability

Schachinger Logistics achieves turnaround and appoints new CEO

After a very difficult financial year 2015/16, the Schachinger Logistik Group, headed by CEO Benjamin Büscher and CFO Peter Overkamp, reports a positive 2016/17 annual result (31 March). “We managed to achieve the turnaround, improve the figures significantly and increase the equity ratio substantially. A success that became possible thanks to joint implementation by employees, management board, advisory council and owners”, reads a press release.

As part of the realignment, changes were made at shareholder level and to the advisory board in the reporting period, in order to prepare the company for current and future challenges. This created the essential prerequisites for successfully continuing on the planned course.

When presenting these figures, Benjamin Büscher asked for termination of his contract, which the advisory board and the owners accepted regretfully. The CEO will be available to the company until the end of June. His successor will be announced befor the end of May to ensure seamless succession and transfer of the tasks.

CEO Benjamin Büscher: “We had an intense year, and I am pleased to be able to report on a successful balance sheet. We put the Schachinger Logistics company back on track and did everything necessary to be able to offer industry logistics on the highest level in the years to come. Our stable customer relationships clearly confirm this. ”

CFO Peter Overkamp adds: “Last year’s task was to deliver stable figures and convince our customers as well as the financing banks. This was achieved in this fiscal year thanks to the very good cooperation between the Management Board and the Advisory Board, so that we now can make the next move in this process. Our task is also to continue to pay attention to financial stability and actively tackle challenges. ”