Overview

• 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.