Strategy / Turnaround References

Reference 1

Excellent performance by Mojmir and the site has resulted in much higher revenues than budgeted and a profit for the first time. The difference between budgeted profit is so large as to be measurable on the corporate earnings – about 2c/share over the year and has also ensured an end to the … impairment discussion. … The atmosphere on site is noticeably better than 18 months ago, with staff both happier and more focused. Much of this comes from Mojmir’s personal leadership … Mojmir has a great relationship with both his peer group and his staff which results in a positive approach to most issues even when projects are somewhat fraught. … Thanks for all that you have done, which has been a great year for you, the site and the Corporation. You should feel personally proud of your contribution and congratulations on your achievements.

Reference 2

… Mojmir was able to achieve a turnaround and take the site from below expectations in profitability, safety, and service performance to performing at superior level in each of these categories. He was also able to build a solid team that worked together with Mojmir diligently to build a solid culture focused on ownership, success and delivering results. For these reasons I give him a very strong recommendation. …

Reference 3

Dr. Vavrecka has … introduced and implemented with perseverance important improvements. These were for example:

  1. Elaboration of a vision and operational strategy
  2. Implementation of relevant KPI, management by objectives …
  3. Elaboration and implementation of the „Operational Excellence Initiative“: … focus of the company on the increase in profit… reorganization of the company from organization to process orientated … supply chain optimization … continuous process improvement (CPI) … these initiatives resulted in partly striking increase of the capacity and effectiveness.
  4. Analysis and identification of the sales organization as bottleneck, elaboration of the „Sales Excellence Initiative“…
  5. Analysis of the position of the company in the market and initiation of the „Innovation Excellence Initiative“…
  6. Restructuring of the debt.

… Dr. Vavrecka assessed the complex situation of the company very quickly and correctly based on his distinctive systematic – analytical approach and developed strategies that consequently aimed towards the vision of the company. His leadership style is based on his pronounced expert authority, mutual trust… KPI and target orientated, performs very well also under big pressure, keeps a cool head in complex situations, acts pragmatically. …

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