Reinhard Wolf, the long-serving Chairman and CEO of Raiffeisen Ware Austria (RWA), will depart from the company on November 30, 2024. Johannes Schuster, currently a member of the Board of Management, will succeed him, allowing Wolf to focus on his responsibilities at BayWa.
Management changes are underway at Raiffeisen Ware Austria (RWA) as CEO Wolf, who has led since 2013, faces challenges amid Baywa's financial struggles, including over five billion euros in debt and potential insolvency. The planned capital increase by Bayerische Raiffeisen Beteiligung AG is uncertain, and the financial supervisory authority has raised concerns over accounting violations. A significant restructuring of Baywa's Board of Management is set for March 2025.
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