Bavaria Yachtbau GmbH, one of the largest global sail and motor yacht builders, today announced that Mr. Kay Schwabedal has been appointed as Chief Executive Officer, effective immediately.
Mr. Schwabedal, age 44, brings broad general management and operating experience to his new position, including a strong background in the development and execution of marketing and growth initiatives from previous executive responsibilities at General Electric, Procter & Gamble, and McKinsey & Company. He served most recently as Chief Operating Officer of Arcor AG & Co. KG, where he significantly boosted the firm's DSL business.
"I am excited to join Bavaria Yachtbau, and to further build its global leadership and brand position through focused marketing and operations initiatives," said Mr. Schwabedal. "I look forward to working closely with the employees, management team, and international dealer network to position the company for long term growth, and develop attractive new products for our customers."
Rudolf Müller will continue as key member of Bavaria Yachtbau’s management team, reporting to Mr. Schwabedal.
"Kay has a remarkable track record for positioning companies for growth. We are particularly impressed by the leadership skills he demonstrated in previous positions, and his ability to conceive and execute effective marketing and business improvement programs," said Marc Valentiny, an Operating Partner with Bain Capital in London, a leading global private investment firm that owns Bavaria Yachtbau." We believe he will further energize the Bavaria brand and help the company achieve its full growth potential."
In July 2007, Bain Capital funds, together with the company’s long-time managing director Mr. Winfried Herrmann, acquired 100 percent of the shares of Bavaria Yachtbau.
Mr. Schwabedal holds a MBA degree from Harvard Business School and an engineering degree from the Technische Hochschule Darmstadt.
About Bain Capital Partners
Bain Capital (www.baincapital.com) is a global private investment firm that manages several pools of capital including private equity, high-yield assets, mezzanine capital and public equity with over $60 billion in assets under management. Since its inception in 1984, Bain Capital has made private equity investments and add-on acquisitions in over 250 companies around the world, including Bombardier Recreational Products, SigmaKalon, Toys ‘R Us, NXP Semiconductor, FCI and Burger King. Headquartered in Boston, Bain Capital has offices in Munich, London, New York, Tokyo, Hong Kong and Shanghai.
Mr. Schwabedal, age 44, brings broad general management and operating experience to his new position, including a strong background in the development and execution of marketing and growth initiatives from previous executive responsibilities at General Electric, Procter & Gamble, and McKinsey & Company. He served most recently as Chief Operating Officer of Arcor AG & Co. KG, where he significantly boosted the firm's DSL business.
"I am excited to join Bavaria Yachtbau, and to further build its global leadership and brand position through focused marketing and operations initiatives," said Mr. Schwabedal. "I look forward to working closely with the employees, management team, and international dealer network to position the company for long term growth, and develop attractive new products for our customers."
Rudolf Müller will continue as key member of Bavaria Yachtbau’s management team, reporting to Mr. Schwabedal.
"Kay has a remarkable track record for positioning companies for growth. We are particularly impressed by the leadership skills he demonstrated in previous positions, and his ability to conceive and execute effective marketing and business improvement programs," said Marc Valentiny, an Operating Partner with Bain Capital in London, a leading global private investment firm that owns Bavaria Yachtbau." We believe he will further energize the Bavaria brand and help the company achieve its full growth potential."
In July 2007, Bain Capital funds, together with the company’s long-time managing director Mr. Winfried Herrmann, acquired 100 percent of the shares of Bavaria Yachtbau.
Mr. Schwabedal holds a MBA degree from Harvard Business School and an engineering degree from the Technische Hochschule Darmstadt.
About Bain Capital Partners
Bain Capital (www.baincapital.com) is a global private investment firm that manages several pools of capital including private equity, high-yield assets, mezzanine capital and public equity with over $60 billion in assets under management. Since its inception in 1984, Bain Capital has made private equity investments and add-on acquisitions in over 250 companies around the world, including Bombardier Recreational Products, SigmaKalon, Toys ‘R Us, NXP Semiconductor, FCI and Burger King. Headquartered in Boston, Bain Capital has offices in Munich, London, New York, Tokyo, Hong Kong and Shanghai.
