{"id":117117,"date":"2025-08-07T10:00:00","date_gmt":"2025-08-07T08:00:00","guid":{"rendered":"https:\/\/www.fup-ag.com\/case-study\/corporate-transformation-and-turnaround\/"},"modified":"2025-08-07T11:13:33","modified_gmt":"2025-08-07T09:13:33","slug":"corporate-transformation-and-turnaround","status":"publish","type":"case-study","link":"https:\/\/www.fup-ag.com\/en\/case-studies\/corporate-transformation-and-turnaround\/","title":{"rendered":"Corporate transformation and turnaround"},"content":{"rendered":"<div class=\"zw-cgb zw-cgb__120 zw-header-standard-block is-first-block    show-gradient \"><div class=\"bg-image\"><picture><img decoding=\"sync\" loading=\"eager\" fetchPriority=\"high\" id=\"zwi_115243\" class=\"zw-cgb__image\" src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mNkYAAAAAYAAjCB0C8AAAAASUVORK5CYII=\" alt=\"\" onload=\"zwHeaderPictureDone(this,'pre_115243', 'pre_115243')\"><source id=\"LCP_115243\"><\/picture><\/div><div class=\"container zw-cgb-content zw-cgb__header-content-wrapper\"><h1 class=\"zw-cgb__headlines\"><span class=\"zw-cgb__preheadline\">F&amp;p case studies<\/span><span class=\"zw-cgb__headline\">How can I initiate a turnaround in a difficult economic situation?<\/span><\/h1><p class=\"zw-cgb__fulltext zw-cgb__content\">An interim CFO took over the financial management of a \u20ac300 million education group with 16 companies and 3,000 employees &#8211; <strong>after replacing the previous CFO<\/strong>. The earnings situation was critical and the company was already undergoing a far-reaching transformation process.<\/p><p class=\"zw-cgb__fulltext zw-cgb__content\"><\/p><\/div>\n        <\/div><!-- .zw-cgb .zw-header-standard -->\n\n\n    <div class=\"zw-cgb zw-cgb__050  infoblock default-margin   b_standart \">\n            <div class=\"container-fluid\">\n        <div class=\"row\">\n          <div class=\"zw-cgb__image-col col-12 col-md-6 col-lg-5 col-xl-4 \">\n            <div class=\"zw-cgb zw-cgb__image-wrapper\">\n              <picture><source srcset=\"https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/07\/AdobeStock_586898476-150x150.jpeg 150w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/07\/AdobeStock_586898476-480x327.jpeg 480w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/07\/AdobeStock_586898476-768x523.jpeg 768w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/07\/AdobeStock_586898476-1000x400.jpeg 1000w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/07\/AdobeStock_586898476-1024x698.jpeg 1024w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/07\/AdobeStock_586898476-1440x981.jpeg 1440w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/07\/AdobeStock_586898476-1920x1308.jpeg 1920w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/07\/AdobeStock_586898476-scaled.jpeg 9999w\" sizes=\"(max-width: 480px) 100vw, (max-width: 768px) 100vw, (max-width: 1024px) 100vw, (max-width: 1440px) 100vw, 100vw\" ><img decoding=\"async\" loading=\"lazy\" id=\"zwi_116448\" class=\"zw-cgb__image\" src=\"https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/07\/AdobeStock_586898476-1920x1308.jpeg\" alt=\"\"><\/picture>            <\/div>\n          <\/div>\n          <div class=\"zw-cgb__content-col col-12 col-md-6 col-lg-7 col-xl-8\">\n            <h2 class=\"zw-cgb__headlines\"><span class=\"zw-cgb__headline\">What was the specific task in this project?<\/span><\/h2><ul class=\"zw-cgb-ul fulltext \"><li class=\"\">The growth-oriented education group was undergoing a transformation process with a strategic realignment<\/li><li class=\"\">The economic situation was tense and the earnings situation was considered critical<\/li><li class=\"\">Taking over the management of the CFO division with up to 60 employees after replacing the previous CFO<\/li><li class=\"\">The aim was to restore economic transparency, initiate the turnaround and secure the transformation financially<\/li><\/ul>          <\/div><!-- .row -->\n        <\/div><!-- .row -->\n      <\/div><!-- .container-fluid -->\n    <\/div>\n\n\n\n\n    <div class=\"zw-cgb zw-cgb__050  infoblock default-margin   b_black \">\n            <div class=\"container-fluid\">\n        <div class=\"row\">\n          <div class=\"zw-cgb__image-col col-12 col-md-6 col-lg-5 col-xl-4 order-md-2\">\n            <div class=\"zw-cgb zw-cgb__image-wrapper\">\n              <picture><source srcset=\"https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/07\/Case-Study-Designs-150x150.png 150w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/07\/Case-Study-Designs-480x327.png 480w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/07\/Case-Study-Designs-768x523.png 768w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/07\/Case-Study-Designs-1000x400.png 1000w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/07\/Case-Study-Designs-1024x698.png 1024w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/07\/Case-Study-Designs-1440x981.png 1440w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/07\/Case-Study-Designs-1920x1308.png 1920w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/07\/Case-Study-Designs.png 9999w\" sizes=\"(max-width: 480px) 100vw, (max-width: 768px) 100vw, (max-width: 1024px) 100vw, (max-width: 1440px) 100vw, 100vw\" ><img decoding=\"async\" loading=\"lazy\" id=\"zwi_116450\" class=\"zw-cgb__image\" src=\"https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/07\/Case-Study-Designs-1920x1308.png\" alt=\"\"><\/picture>            <\/div>\n          <\/div>\n          <div class=\"zw-cgb__content-col col-12 col-md-6 col-lg-7 col-xl-8\">\n            <h2 class=\"zw-cgb__headlines\"><span class=\"zw-cgb__headline\">What does commercial support for a transformation actually look like?<\/span><\/h2><ul class=\"zw-cgb-ul fulltext \"><li class=\"\">Development of <strong>effective control mechanisms<\/strong> that reflect the changed business model<\/li><li class=\"\">Structural further development of controlling processes for earnings management<\/li><li class=\"\">Realignment of the financial organization to the new corporate structure<\/li><li class=\"\"><strong>Stable commercial support<\/strong> throughout the entire change process<\/li><\/ul>          <\/div><!-- .row -->\n        <\/div><!-- .row -->\n      <\/div><!-- .container-fluid -->\n    <\/div>\n\n\n\n\n    <div class=\"zw-cgb zw-cgb__050  infoblock default-margin   b_standart \">\n            <div class=\"container-fluid\">\n        <div class=\"row\">\n          <div class=\"zw-cgb__image-col col-12 col-md-6 col-lg-5 col-xl-4 \">\n            <div class=\"zw-cgb zw-cgb__image-wrapper\">\n              <picture><source srcset=\"https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/07\/Case-Study-Designs-1-150x150.png 150w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/07\/Case-Study-Designs-1-480x327.png 480w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/07\/Case-Study-Designs-1-768x523.png 768w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/07\/Case-Study-Designs-1-1000x400.png 1000w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/07\/Case-Study-Designs-1-1024x698.png 1024w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/07\/Case-Study-Designs-1-1440x981.png 1440w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/07\/Case-Study-Designs-1-1920x1308.png 1920w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/07\/Case-Study-Designs-1.png 9999w\" sizes=\"(max-width: 480px) 100vw, (max-width: 768px) 100vw, (max-width: 1024px) 100vw, (max-width: 1440px) 100vw, 100vw\" ><img decoding=\"async\" loading=\"lazy\" id=\"zwi_116452\" class=\"zw-cgb__image\" src=\"https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/07\/Case-Study-Designs-1-1920x1308.png\" alt=\"\"><\/picture>            <\/div>\n          <\/div>\n          <div class=\"zw-cgb__content-col col-12 col-md-6 col-lg-7 col-xl-8\">\n            <h2 class=\"zw-cgb__headlines\"><span class=\"zw-cgb__headline\">What was the key to stabilization during the transformation phase?<\/span><\/h2><ul class=\"zw-cgb-ul fulltext \"><li class=\"\">Introduction of <strong>integrated financial and corporate planning<\/strong><\/li><li class=\"\">Close integration of strategic and operational controlling<\/li><li class=\"\">Active performance management despite ongoing structural changes<\/li><li class=\"\">Early identification of earnings potential and risks<\/li><\/ul>          <\/div><!-- .row -->\n        <\/div><!-- .row -->\n      <\/div><!-- .container-fluid -->\n    <\/div>\n\n\n\n\n    <div class=\"zw-cgb zw-cgb__050  infoblock default-margin   b_black \">\n            <div class=\"container-fluid\">\n        <div class=\"row\">\n          <div class=\"zw-cgb__image-col col-12 col-md-6 col-lg-5 col-xl-4 order-md-2\">\n            <div class=\"zw-cgb zw-cgb__image-wrapper\">\n              <picture><source srcset=\"https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/07\/Case-Study-Designs-2-150x150.png 150w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/07\/Case-Study-Designs-2-480x327.png 480w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/07\/Case-Study-Designs-2-768x523.png 768w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/07\/Case-Study-Designs-2-1000x400.png 1000w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/07\/Case-Study-Designs-2-1024x698.png 1024w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/07\/Case-Study-Designs-2-1440x981.png 1440w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/07\/Case-Study-Designs-2-1920x1308.png 1920w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/07\/Case-Study-Designs-2.png 9999w\" sizes=\"(max-width: 480px) 100vw, (max-width: 768px) 100vw, (max-width: 1024px) 100vw, (max-width: 1440px) 100vw, 100vw\" ><img decoding=\"async\" loading=\"lazy\" id=\"zwi_116456\" class=\"zw-cgb__image\" src=\"https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/07\/Case-Study-Designs-2-1920x1308.png\" alt=\"\"><\/picture>            <\/div>\n          <\/div>\n          <div class=\"zw-cgb__content-col col-12 col-md-6 col-lg-7 col-xl-8\">\n            <h2 class=\"zw-cgb__headlines\"><span class=\"zw-cgb__headline\">What results have been achieved in a short space of time?<\/span><\/h2><p class=\"zw-cgb__fulltext \">\u2705 <strong>Financial stability during the transformation<\/strong><br>\u2705 The transformation was <strong>successfully secured economically<\/strong><br>\u2705 New management tools now enable <strong>future-oriented management<\/strong><br>\u2705 The basis for <strong>sustainable growth<\/strong> in the dynamic education market was created<\/p>          <\/div><!-- .row -->\n        <\/div><!-- .row -->\n      <\/div><!-- .container-fluid -->\n    <\/div>\n\n\n\n<div class=\"zw-cgb zw-cgb__700  zw-cgb__700-akkordion  default-margin \"><a name=\"parent50512\" class=\"jumpAnchor\" ><\/a><div class=\"container zw-cgb-content\"><h2 class=\"zw-cgb__headlines\"><span class=\"zw-cgb__headline\">Frequently asked questions about corporate transformation and turnaround<\/span><\/h2><div class=\"accordion-item \"><div id=\"zw-f5610a94-86ad-4ae4-81b0-832b0b7d8f3c-1\" class=\"single-akkordion-item accordion-item-button collapsed zw-cgb \" type=\"button\"\ndata-bs-toggle=\"collapse\" data-bs-target=\"#zw-f5610a94-86ad-4ae4-81b0-832b0b7d8f3c\" aria-expanded=\"false\" aria-controls=\"collapsetwo\"><div class=\"faq-headline-container\"><h3 class=\"zw-cgb__headline\">How do I economically secure a transformation?<\/h3>\n          <i class=\"fa-regular fa-chevron-up\"><\/i>\n          <i class=\"fa-regular fa-chevron-down\"><\/i>\n          <\/div><\/div><div id=\"zw-f5610a94-86ad-4ae4-81b0-832b0b7d8f3c\" class=\"collapse single-akkordion-item accordion-item-dropdown parent50512\"><div class=\"zw-cgb__akkordionInnerWrapper \"><div class=\"zw-cgb__akkordion-content \"><p class=\"zw-cgb__fulltext \">Economic security is achieved through integrated financial and corporate planning, continuous performance controlling and flexible financial structures. It is important that commercial management is adapted to the new business model &#8211; and this is exactly what was successfully implemented in our project.<\/p><\/div><\/div><\/div><\/div><div class=\"accordion-item \"><div id=\"zw-1afd48c3-e598-49f4-81b1-1ffee671615e-1\" class=\"single-akkordion-item accordion-item-button collapsed zw-cgb \" type=\"button\"\ndata-bs-toggle=\"collapse\" data-bs-target=\"#zw-1afd48c3-e598-49f4-81b1-1ffee671615e\" aria-expanded=\"false\" aria-controls=\"collapsetwo\"><div class=\"faq-headline-container\"><h3 class=\"zw-cgb__headline\">What to do if the earnings situation is critical?<\/h3>\n          <i class=\"fa-regular fa-chevron-up\"><\/i>\n          <i class=\"fa-regular fa-chevron-down\"><\/i>\n          <\/div><\/div><div id=\"zw-1afd48c3-e598-49f4-81b1-1ffee671615e\" class=\"collapse single-akkordion-item accordion-item-dropdown parent50512\"><div class=\"zw-cgb__akkordionInnerWrapper \"><div class=\"zw-cgb__akkordion-content \"><p class=\"zw-cgb__fulltext \">Crisis situations require rapid analysis, clear decisions and consistent implementation. In our project, the critical situation was stabilized through new control mechanisms, adapted controlling processes and resilient liquidity management &#8211; without stopping the transformation.<\/p><\/div><\/div><\/div><\/div><div class=\"accordion-item \"><div id=\"zw-691ffb1f-811b-4ef3-b634-fb8ddbae92f5-1\" class=\"single-akkordion-item accordion-item-button collapsed zw-cgb \" type=\"button\"\ndata-bs-toggle=\"collapse\" data-bs-target=\"#zw-691ffb1f-811b-4ef3-b634-fb8ddbae92f5\" aria-expanded=\"false\" aria-controls=\"collapsetwo\"><div class=\"faq-headline-container\"><h3 class=\"zw-cgb__headline\">What role does the CFO play in corporate transformation?<\/h3>\n          <i class=\"fa-regular fa-chevron-up\"><\/i>\n          <i class=\"fa-regular fa-chevron-down\"><\/i>\n          <\/div><\/div><div id=\"zw-691ffb1f-811b-4ef3-b634-fb8ddbae92f5\" class=\"collapse single-akkordion-item accordion-item-dropdown parent50512\"><div class=\"zw-cgb__akkordionInnerWrapper \"><div class=\"zw-cgb__akkordion-content \"><p class=\"zw-cgb__fulltext \">The CFO is a key figure: he creates economic transparency, ensures liquidity, develops sustainable planning instruments and supports structural and strategic changes. In the project, our interim CFO took over the entire commercial management and built a sustainable financial foundation under the transformation.<\/p><\/div><\/div><\/div><\/div><div class=\"accordion-item \"><div id=\"zw-06261ec9-7a4c-47b2-9ee0-44eb6be405a7-1\" class=\"single-akkordion-item accordion-item-button collapsed zw-cgb \" type=\"button\"\ndata-bs-toggle=\"collapse\" data-bs-target=\"#zw-06261ec9-7a4c-47b2-9ee0-44eb6be405a7\" aria-expanded=\"false\" aria-controls=\"collapsetwo\"><div class=\"faq-headline-container\"><h3 class=\"zw-cgb__headline\">What does economic stabilization mean during a transformation?<\/h3>\n          <i class=\"fa-regular fa-chevron-up\"><\/i>\n          <i class=\"fa-regular fa-chevron-down\"><\/i>\n          <\/div><\/div><div id=\"zw-06261ec9-7a4c-47b2-9ee0-44eb6be405a7\" class=\"collapse single-akkordion-item accordion-item-dropdown parent50512\"><div class=\"zw-cgb__akkordionInnerWrapper \"><div class=\"zw-cgb__akkordion-content \"><p class=\"zw-cgb__fulltext \">This means that the company remains solvent despite structural and strategic changes, investments are planned sensibly and the earnings situation does not slip further. Strong financial management is therefore needed &#8220;under the change&#8221;, not just afterwards.<\/p><\/div><\/div><\/div><\/div><\/div><\/div>\n\n\n    <div class=\"zw-cgb zw-cgb__000  zw-cgb_textblock  default-margin  b_standart  zw-t-c\">\n            <div class=\"container zw-cgb-content\">\n        <h2 class=\"zw-cgb__headlines\"><span class=\"zw-cgb__headline\">Who implemented the project?<\/span><\/h2><p class=\"zw-cgb__fulltext \"><strong>Dipl.-Kfm. Frank Wedekind<\/strong>, experienced interim CFO<\/p><p class=\"zw-cgb__fulltext \">Role: <strong>Management and realignment of the entire CFO area<\/strong><\/p><p class=\"zw-cgb__fulltext \">Expertise: <strong>Transformation, turnaround, controlling structure, management in a crisis<\/strong><\/p>              <\/div>\n    <\/div>\n\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"zw-cgb zw-cgb__120 zw-header-standard-block     show-gradient \">\n<div class=\"bg-image\"><picture><source srcset=\"https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/06\/26-150x150.png 150w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/06\/26-480x270.png 480w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/06\/26-768x432.png 768w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/06\/26-1000x400.png 1000w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/06\/26-1024x576.png 1024w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/06\/26-1440x810.png 1440w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/06\/26-1920x1080.png 1920w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/06\/26.png 9999w\" sizes=\"(max-width: 480px) 100vw, (max-width: 768px) 100vw, (max-width: 1024px) 100vw, (max-width: 1440px) 100vw, 100vw\" ><img decoding=\"async\" loading=\"lazy\" id=\"zwi_115243\" class=\"zw-cgb__image\" src=\"https:\/\/www.fup-ag.com\/wp-content\/uploads\/2025\/06\/26-1920x1080.png\" alt=\"\"><\/picture><\/div>\n<div class=\"container zw-cgb-content zw-cgb__header-content-wrapper\">\n<h2 class=\"zw-cgb__headlines\"><span class=\"zw-cgb__preheadline\">F&amp;p case studies<\/span><span class=\"zw-cgb__headline\">How can I initiate a turnaround in a difficult economic situation?<\/span><\/h2>\n<p class=\"zw-cgb__fulltext zw-cgb__content\">An interim CFO took over the financial management of a \u20ac300 million education group with 16 companies and 3,000 employees &#8211; <strong>after replacing the previous CFO<\/strong>. The earnings situation was critical and the company was already undergoing a far-reaching transformation process.<\/p>\n<p class=\"zw-cgb__fulltext zw-cgb__content\">\n<\/div><\/div>\n<p><!-- .zw-cgb .zw-header-standard --><\/p>\n","protected":false},"author":3,"featured_media":115243,"menu_order":0,"template":"","categories":[],"expertise":[53286,53412,53420,53292,53339],"service":[],"industry":[],"type-case-study":[],"class_list":["post-117117","case-study","type-case-study","status-publish","has-post-thumbnail","hentry","expertise-business-transformation-en","expertise-organizational-and-product-development","expertise-process-consulting","expertise-reorganisation-turnaround","expertise-turnaround-en"],"_links":{"self":[{"href":"https:\/\/www.fup-ag.com\/en\/wp-json\/wp\/v2\/case-study\/117117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fup-ag.com\/en\/wp-json\/wp\/v2\/case-study"}],"about":[{"href":"https:\/\/www.fup-ag.com\/en\/wp-json\/wp\/v2\/types\/case-study"}],"author":[{"embeddable":true,"href":"https:\/\/www.fup-ag.com\/en\/wp-json\/wp\/v2\/users\/3"}],"version-history":[{"count":2,"href":"https:\/\/www.fup-ag.com\/en\/wp-json\/wp\/v2\/case-study\/117117\/revisions"}],"predecessor-version":[{"id":117120,"href":"https:\/\/www.fup-ag.com\/en\/wp-json\/wp\/v2\/case-study\/117117\/revisions\/117120"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fup-ag.com\/en\/wp-json\/wp\/v2\/media\/115243"}],"wp:attachment":[{"href":"https:\/\/www.fup-ag.com\/en\/wp-json\/wp\/v2\/media?parent=117117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fup-ag.com\/en\/wp-json\/wp\/v2\/categories?post=117117"},{"taxonomy":"expertise","embeddable":true,"href":"https:\/\/www.fup-ag.com\/en\/wp-json\/wp\/v2\/expertise?post=117117"},{"taxonomy":"service","embeddable":true,"href":"https:\/\/www.fup-ag.com\/en\/wp-json\/wp\/v2\/service?post=117117"},{"taxonomy":"industry","embeddable":true,"href":"https:\/\/www.fup-ag.com\/en\/wp-json\/wp\/v2\/industry?post=117117"},{"taxonomy":"type-case-study","embeddable":true,"href":"https:\/\/www.fup-ag.com\/en\/wp-json\/wp\/v2\/type-case-study?post=117117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}