BayWa Leadership Shakeup Amid Financial Crisis

CEO Marcus Pöllinger and CFO Andreas Helber to exit as BayWa grapples with over €5 billion in debt.

BayWa's supervisory board seeks a fresh start by replacing top executives amid mounting financial challenges.
The Munich-based conglomerate faces significant losses and a debt burden exceeding €5 billion, largely due to past expansion strategies.
Marcus Pöllinger will step down as CEO by the end of the month, while CFO Andreas Helber will leave by March 2025.
A major restructuring effort is underway, with Michael Baur set to join the board as a key player in the turnaround plan.
The company received a substantial financial boost from major shareholders and creditor banks, but long-term recovery is expected to take years.