Marc Diening succeeds Michael Muller as head of Bavaria Yachts
German sail and powerboat builder Bavaria Yachts has made public the appointment of a new CEO. Marc Diening will take over from Michael Müller on August 1, 2021, becoming the third executive since the shipyard was acquired by the Capital Management Partners (CMP) fund. Marc Diening, 45, was previously head of the fire fighting specialist Magirus for five years. He has also held management positions at Bombardier and as an industry consultant at Knorr-Bremse and Deutsche Bahn.
Continuing the relaunch of Bavaria boats
The new CEO will have to continue the project started by Michael Müller, who has decided to step back at the age of 65 to devote himself to his family life. He will remain on the strategic advisory board. "With his proven success in sustainable business development and his personal qualities, we are certain that Marc Diening is the right person and has the consistency to continue the path that Bavaria has set out on and take us into this new chapter of new products and solid growth with his own accents. Marc Diening has been an enthusiastic sailor since his youth and knows the boating industry extremely well," says Kai Brandes, partner at CMP.
The task of the new leader remains important. After several very tricky years following the receivership in 2018, the shipyard has reviewed its production, reducing its reliance on subcontracting, while reviewing the size of the boat models offered. Marc Diening will now have to reap the economic benefits of this restructuring.
