Steffen Kroner

Biography

Steffen Kroner is a Managing Director with Alvarez & Marsal who brings more than 13 years of performance improvement, restructuring, interim management and transaction advisory experience. He specializes in the design and delivery of holistic value creation, performance improvement / cost-out programs, finance function transformations, liquidity management and interim management positions. He has worked with clients in Europe, the Americas and Asia across a range of industries, including food, packaging, telecoms, solar, chemicals, steel, retail, automotive, rail infrastructure and media. Most recently, Mr. Kroner: led the buy-side due diligence for an industrial bakery and is serving as finanical adviser to the buyer; led an operational and information technology due diligence for a financial services company; designed and led a global performance improvement program for a valve manufacturer ($300 million); and played a leading role in the short-term stabilization of an underperforming German plant ($70 million), where he implemented a turnaround plan and acted as de facto interim General Manager. Previously, he served as Interim Vice President Finance, Europe, and Chief Transformation Officer for Mactac, a carve-out requiring rapid implementation of treasury management / cash flow forecasting, upgrades to the controlling function, stock keeping unit analysis, budget preparation, working capital improvements, and sales, general and administrative expenses cost-out. He served as Chief Restructuring Advisor for Balfour Beatty Rail, a major rail infrastructure company with €300 million turnover, and served as Risk and Transaction Manager for C&A, a large retailer, where he de-risked a key supplier dependency in an insolvency situation, and secured an ongoing supply of online and e-fulfillment services, preserving the key customer relationship to secure a large long-term e-fulfillment contract. He advised on the development of a restructuring plan for a European office supplies producer; led a creditor advisory engagement for a publicly listed telecoms group; advised in the Chapter 11 restructuring of Chesapeake, a $1billion global packaging group; and advised in the restructuring / strategic repositioning of a €1.3 billion revenue solar company as well as in the restructuring of Treofan Group with €500m revenues. Before A&M, Mr. Kroner completed a bank training program with Bayerische Landesbank and qualified as a derivatives trader. He earned a diploma in business administration (Diplom-Kaufmann) at the University of Munich.

Research Interest

Steffen Kroner has 13+ years of performance improvement, restructuring, interim management and transaction advisory experience and he focuses on design and delivery of holistic value creation, performance improvement / cost-out programs, finance transformations and liquidity management.