Webasto Appoints Jörg Buchheim as CEO to Navigate Restructuring

The auto supplier replaces Holger Engelmann as it faces significant financial challenges and prepares a new strategic plan.

Jörg Buchheim, a seasoned executive with expertise in transforming auto suppliers, will take over as Webasto CEO on Monday.
Holger Engelmann, who has led the company since 2013, is stepping down nine months before his contract ends in a mutual agreement with the board.
Webasto has been struggling financially, reporting a €195 million loss in 2023 and over €1 billion in debt and liabilities.
The company has closed several production sites in China, the U.S., and Mexico while avoiding layoffs, but further restructuring is underway.
A new strategic plan addressing production, capacity, and workforce adjustments is expected to be unveiled by June 2025.