About the Authors Blatz Address: Brunke Address: Falckenberg Address: Foerschle

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1 About the Authors Blatz, Michael, has a degree in engineering. Michael Blatz has been providing consulting services to Roland Berger Strategy Consultants clients since 1990, focusing on restructuring and strategic reorientation. Michael Blatz became a Partner in 1998 and has been head of the Restructuring & Corporate Finance Competence Center for two years. michael_blatz@de.rolandberger.com Brunke, Bernd, is a Partner at the Restructuring & Corporate Finance Competence Center of Roland Berger Strategy Consultants in Berlin. He provides consulting services to business executives all over Europe and in the United States. His client roster comprises medium-sized companies and multinationals and his focus is on business restructuring. Bernd Brunke came onboard in 1996 and was made a Partner in bernd_brunke@de.rolandberger.com Falckenberg, Max, studied business administration at Passau University, Berlin's Humboldt-University, and the Haas School of Business at the University of California, Berkeley/USA. He has been a Certified Public Accountant (CPA) since Prior to joining Roland Berger Strategy Consultants in 2000, he worked for KPMG in Berlin, London and Düsseldorf for five years. Max Falckenberg has been a Principal at the Restructuring & Corporate Finance Competence Center since 2004, where he focuses on trade and construction. max_falckenberg@de.rolandberger.com Foerschle, Stephan, studied law and business administration in Heidelberg, St. Gallen (Switzerland), at the London School of Economics and at Columbia Business School in New York. During his studies, he gained professional experience at Proctor & Gamble and in investment banking at Deutsche Bank. In 2002, he joined Roland Berger Strategy Consultants' Restructuring and Corporate Finance Competence Center as a Consultant. His work focuses mainly on operational re-

2 176 structuring and strategic reorientation in the media business, manufacturing industries and private equity. Roland Berger Strategy Consultants, Alt Moabit 101b, Berlin Haghani, Sascha, Dr. rer. pol.: After industry training at a pharmaceutical company, he studied economics in Freiburg im Breisgau, and later business administration in Switzerland. He initially joined the Restructuring & Corporate Finance Competence Center at Roland Berger Strategy Consultants in 1992 as a freelancer and became a consultant in In January 2000 he was elected Partner. His focus is on financial restructuring of medium-sized companies and strategic reorientation, especially in the retail, wholesale and construction industry. sascha_haghani@de.rolandberger.com Huber, Florian, has worked for various law firms and as a trainee at Hypovereinsbank. He joined Roland Berger in 2001 after having completed his second state examination in law and passing the bar exam in Munich. Florian Huber is an Expert in Roland Berger's Business Intelligence unit, where he is in charge of product development. He has extensive experience as an author for a number of publications, and as content advisor for Roland Berger's Challenge Club. Roland Berger Strategy Consultants, Arabellastraße 33, Munich florian_huber@de.rolandberger.com Johnen, Uwe, studied business administration and engineering in Aachen. He has been a member of the Restructuring & Corporate Finance Competence Center team since 1996, after first acquiring five years of consulting experience. As a Partner at Roland Berger Strategy Consultants, Uwe Johnen heads restructuring and strategic reorientation projects, with a focus on engineering and automotive suppliers. uwe_johnen@de.rolandberger.com

3 177 Kraus, Karl-J., studied business administration, focusing on corporate management, strategy and marketing. After first paying his professional dues in the industry (among others, he worked for the Fichtel & Sachs Group for five years) he began his career as a consultant with Roland Berger Strategy Consultants in In 1984, Karl-J. Kraus advanced to Associate Partner; in 1986 he became a full Partner of the company. In 1990 he began to develop the Berlin office as well as the Restructuring & Corporate Finance Competence Center. From 1994 to 1999, Karl-J. Kraus was a member of the Management Committee. From late 1999 to June 2003 he was the chairman of the Management Committee Germany. In addition to his operational engagement, Karl-J. Kraus was elected vice chairman of the Roland Berger Beteiligungs GmbH supervisory board on July 1, Moreover, he is the advisory board chairman of CMP Capital Management Partners GmbH and holds several other supervisory board mandates. Karl-J_Kraus@de.rolandberger.com Kuhlwein von Rathenow, Nils R.: After completing his studies of business administration, he worked in industry and for a large financial auditing firm before he joined Roland Berger Strategy Consultants in In the summer of 2002 he was appointed Partner of the Restructuring & Corporate Finance Competence Center of the company. nils_von_kuhlwein@de.rolandberger.com Kuhnt, Ivo-Kai: After industry training with a leading international electronics conglomerate, he studied business administration in Bayreuth. In 2002 he joined Roland Berger Strategy Consultants as a consultant for the Restructuring & Corporate Finance Competence Center. Ivo-Kai Kuhnt's key clients are chemical and oil companies. ivo-kai_kuhnt@de.rolandberger.com Lafrenz, Karsten, Dr. rer. pol., studied business administration at the Westfälische Wilhelms-University in Münster and corporate finance at the University of Strathclyde in Great Britain. He holds a degree in Business Administration and a Master of Science in Finance. Following his studies, he joined the Restructuring & Corporate Finance Competence Center of Roland Berger Strategy Consultants as a con-

4 178 sultant in 2000 and has been of Project Manager since In 2003 he received his doctorate from the European University Viadrina in Frankfurt/Oder for his thesis on value-oriented reorganization management. Moldenhauer, Ralf, Dr. Ing., studied economic engineering (technical specialization machine engineering) at the Technical University at Darmstadt. He began his career as a consultant in 1994, joining the Roland Berger Strategy Consultants team at the Restructuring & Corporate Finance Competence Center. Since January 2000 he has been a Partner in the company. While working, he completed his dissertation on the subject of "Crisis Management in the New Economy" and received his doctorate from the Berlin Technical University in ralf_moldenhauer@de.rolandberger.com Paul, Christian, studied economics in the United States and obtained his MBA from Oxford University. He then worked for a large financial auditing firm for two years and was recruited by Roland Berger Strategy Consultants in He has been a Project Manager since Christian Paul focuses on financial restructuring of medium-sized companies. christian_paul@de.rolandberger.com Piehler, Maik, Dipl.-Kfm., studied business administration at the Leipzig Graduate School of Management and at the A.B. Freeman Business School (Tulane University) in New Orleans. He began his career with Roland Berger Strategy Consultants at the Restructuring & Corporate Finance Competence Center in 2002, specializing in portfolio and liquidity control and the recapitalization of medium-sized companies. maik_piehler@de.rolandberger.com

5 179 zu Putlitz, Julian, Dr. rer. pol., studied political economics at universities in Bonn, Munich and Zurich. After working three years as a scientific assistant at the Friedrich-Schiller-University in Jena he received his International Management doctorate from the Otto-Friedrich-University in Bamberg. His career as a consultant began in 1998, when he joined the Restructuring & Corporate Finance Competence Center at Roland Berger Strategy Consultants. Since 2004 he has been a Partner. His consulting work to date comprises the restructuring and recapitalization of medium-sized companies, the restructuring of insolvent companies, as well as the design and implementation of restructuring programs for large corporations. Roland Berger Strategy Consultants, Alt-Moabit 101 b, Berlin julian_putlitz@de.rolandberger.com Richthammer, Michael, studied business administration at Regensburg University and at the Leipzig Graduate School of Management (HHL). After completing his studies, he was recruited by Roland Berger Strategy Consultants for the Restructuring & Corporate Finance Competence Center in michael_richthammer@de.rolandberger.com Schäfer, Jürgen, completed industry training at a machine and equipment manufacturer. He then studied business administration at Cologne University. He has been a member of the Restructuring & Corporate Finance Competence Center consultant team at Roland Berger Strategy Consultants since juergen_schaefer@de.rolandberger.com Sievers, Gerd, Dr. rer. pol., studied business administration in Cologne and has been a Restructuring & Corporate Finance Competence Center consultant with Roland Berger Strategy Consultants since In 2004 he received his doctorate from Rostock University for his Ph.D. on the subject of "Divesting Corporate Investments in Crisis Situations". gerd_sievers@de.rolandberger.com

6 180 Simon, Robert, Dr. rer. pol., studied business administration with a focus on corporate accounting, taxes, organization, and information technology at the RWTH Aachen and received his doctorate for his thesis on material flow control in the automotive industry. Subsequently, he worked in logistics and sales for BASF AG for several years. He has also been Managing Director of the Saarbrücker Zeitungsgruppe and the DGM-Deutsche Gesellschaft für Mittelstandsberatung. Dr. Robert Simon is a Restructuring & Corporate Finance Competence Center Partner at Roland Berger Strategy Consultants. robert_simon@de.rolandberger.com Waldow, Björn: After industry training in banking, he studied business administration at Mannheim University and the London School of Economics and Political Science. In May 2002 he joined the Restructuring & Corporate Finance Competence Center at Roland Berger Strategy Consultants in Berlin. As a Senior Consultant he focuses on the financial restructuring of corporations. bjoern_waldow@de.rolandberger.com