Steffen Kroner
Managing Director
Quick facts
15 years of international performance improvement/restructuring, c-suite interim management and operational due diligence experience
Specializes in the design and delivery of holistic value creation, operational performance improvement/cost-out programs, cash management and interim management (CEO, CFO, COO)
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Steffen Kroner is a Managing Director with Alvarez & Marsal Private Equity Performance Improvement in Munich.

He brings 15 years of performance improvement, restructuring, c-suite interim management and operational due diligence experience. He specializes in the design and delivery of holistic value creation, operational performance improvement/cost-out programs, cash management and interim management (CEO, CFO, COO). Mr. Kroner has worked with clients across a range of industries, including industrials, IT infrastructure, food, solar, packaging and rail. 

Most recently at A&M, Mr. Kroner served as Interim VP Operations Europe, Middle East and Africa for Vertiv, a large electrical assembly company with revenues of $1 billion in EMEA, where he oversaw seven production sites and their respective supply chains and drove a significant operational improvement program. He also served as Interim CEO/CFO of Kronenbrot, one of Germany´s larger bakeries, driving a comprehensive restructuring program including head count reduction, procurement, SG&A, production and supply chain optimization savings, and improving operational and financial performance. 

Additionally, Mr. Kroner served as Interim VP Finance Europe and Chief Transformation Officer for Mactac, a leading European label producer with $250 million of revenues. In this role he led a carve-out requiring rapid implementation of treasury management/cash flow forecasting, upgrades to the controlling function, SKU analysis, budget preparation, working capital improvements and SG&A cost-out. He also served as Risk and Transaction Manager for C&A, where he de-risked a key supplier dependency in an insolvency situation, secured an on-going supply of online and e-fulfillment services by representing the client in a distressed asset sale and in parallel preserving the key customer relationship to secure a large e-fulfillment contract. 

Previously, Mr. Kroner acted as Deputy to the CFO in a restructuring/strategic repositioning of a publicly listed global solar company with €1,3 billion in revenues. He played a vital role within the A&M team to stabilize the organization overwhelmed by a crisis situation and led the migration from a cultural mind-set focused on rapid growth towards a new volatile business/industry reality. in this role he successfully supervised a €250 million cash management program, driving business planning and co-developing a €50 million performance improvement program.