Reinhard Wolf, CEO of RWA Raiffeisen Ware Austria, will depart on November 30, 2024, to focus on his role at BayWa, with Johannes Schuster succeeding him. Wolf has been instrumental in RWA's growth and innovation, particularly in expanding agricultural business and renewable energy initiatives.
BayWa plans to downsize by 2027, seeking fresh capital from shareholders to support its restructuring efforts amid significant debt exceeding €5 billion. The company aims to streamline operations, cut jobs, and sell parts of its business, while retaining its four divisions. Major shareholders, including Bayerische Raiffeisen-Beteiligungs AG and Austrian Raiffeisen Agrar Invest, are expected to contribute to a planned capital increase in 2025.
Reinhard Wolf, the long-standing Chairman and CEO of RWA Raiffeisen Ware Austria, will depart at the end of November 2024, transitioning to focus on his role at BayWa. Johannes Schuster, who has been CEO since January 2024, will succeed him on December 1, 2024, alongside Christoph Metzker. Wolf's tenure saw significant advancements, including the expansion of agricultural operations in Central and South Eastern Europe and a major acquisition in Serbia.
Reinhard Wolf, the long-standing CEO of RWA Raiffeisen Ware Austria, will depart on November 30, 2024, to focus on his role at BayWa. Johannes Schuster, who has been CEO since January 2024, will succeed him, supported by Christoph Metzker. Wolf's tenure included significant expansions and innovations in agriculture and energy, as well as the establishment of a new headquarters in Korneuburg.
Johannes Schuster will succeed Reinhard Wolf as Chairman of the Management Board of RWA Raiffeisen Ware Austria on December 1, 2024, following Wolf's departure to focus on his role at BayWa. Schuster, who has been CEO since January 2024, will lead alongside Christoph Metzker, ensuring a competent management team is in place for RWA's future success. Wolf, who has been pivotal in RWA's growth and innovation, will remain available to BayWa until a new management team is appointed.
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