Large construction site Hinkley Point C: Bilfinger is involved in the construction of the nuclear power plant in south-west England.
Image: Bloomberg
Thomas Schulz is supposed to get the industrial service provider Bilfinger, which has been shaken by board resignations, back on track. What works well, he wants to do better. Leave the bad in doubt.
Things have been going downhill at Bilfinger since the former Prime Minister of Hesse, Roland Koch, became CEO. Sales have halved, the number of employees has halved, every second year there has been an operating loss, the last three CEOs have gone into dispute, and in between the supervisory board has sued the assembled management for damages. Why are you doing this to yourself?
I’m not hurting myself. I got my technical education in Aachen, the management education in Scandinavia. I worked in three companies there, most recently as CEO of FLSmidth, now the largest supplier of stationary machinery in the mining industry. I have always been interested in making companies better and more profitable. Bilfinger has already developed in the right direction and is on the right track. I like the market environment of an industrial service provider because I believe that technology is the solution to many problems. And I like working with people. Bilfinger is purely a people’s business, with almost no production facilities. I think with the experience I’ve built up over 30 years, I can make a difference here.
