Jürgen Wetzstein

Managing Director
Quick facts
17+ years of experience in consulting and industry
Seasoned expert for procurement and supply chain excellence
Responsible for performance improvement interventions, global transformation programs and digital procurement strategies
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Jürgen Wetzstein is a Managing Director with Alvarez and Marsal and leads the Procurement team in its Corporate practice in Europe.

He has more than 17 years of experience in consulting and industry. He led strategic and operational sourcing improvement programs in addition to supply chain excellence projects. In the past, Mr. Wetzstein was responsible for performance improvement interventions, global transformation programs and digital procurement strategies. He has worked across Europe, the Americas and Asia.

Mr. Wetzstein served for two years as interim Chief Procurement Officer (CPO) for a multi-national mining equipment manufacturer. He led a global transformation towards procurement excellence, including a global strategic sourcing program. The client exceeded their savings target by 57 percent.

In a carve-out engagement of a global manufacturer of consumer products, he led the procurement and supply chain operations, ensuring a managed and controlled transition.

Mr. Wetzstein drove the identification and implementation of procurement savings opportunities in a global cost reduction project for a big telecom company. The result was €100 million in savings.

Mr. Wetzstein also led an 18-month assignment to analyse practices, processes and cost drivers in the supply chain (i.e. transportation management, logistics, order-to-cash cycle) of a big chemicals group. He implemented including improved delivery performance. Approximately 10 percent run-rate savings on transportation spending were achieved.

He led the design of a digital supply chain operating model for a big German chemicals company, achieving portfolio readiness, increased productivity, improved steering and improved management capabilities.

In addition to automotive, industrial and chemicals, Mr. Wetzstein has consulted for clients in the consumer products, telecoms and services sectors.

Prior to joining A&M, Mr. Wetzstein was a Partner at a large global consulting firm. His early career was spent in a big automotive supplier enterprise in various operational roles in Europe and the Americas.

Mr. Wetzstein earned a master's degree in engineering from Stuttgart University. He also he earned a joint MBA from Pepperdine University and the University of Hohenheim.