Thomas Limberger | |
---|---|
Limberger in 2005 | |
Born | |
Citizenship | German, USA |
Education | Institut Superieur de Gestion, Harvard Business School |
Occupation(s) | Industrial manager, restructuring expert, and investor |
Children | 3 |
Website | http://www.silverarrowcapital.com/ |
Thomas Peter Limberger (born 22 July 1967) is a German-American industrial manager, restructuring expert, and investor. [1] He is the founder of investment company, SilverArrow Capital. [2] [3] He previously was the CEO of General Electric Western Europe, Oerlikon AG, Von Roll AG. [4] [5]
Limberger holds a Bachelor of Science and Business Administration (B.S.B.A.) from The American Business School and an MBA from Institut Supérieur De Gestion. Limberger later completed the Owner/President Management Program (OPM) at Harvard Business School. [6]
In 1996, National Medical Care was acquired, forming Fresenius Medical Care based in Bad Homburg vor der Höhe, Germany. Limberger joined the company in 1996, holding various management roles until 2001.
In January 2001, Limberger took a position at General Electric, responsible for the German Industrial business division. In 2002, he became CEO of General Electric Germany, Austria and Switzerland (Central Europe). In this role he was responsible for all General Electric’s activities in Central Europe with 11,000 employees. It was under his management, that the region’s revenues doubled to $6.5 billion and earnings tripled. [7] [4]
He was also at the helm during the integration of Allbank, where he was chairman until 2005, and the building of a Global GE Research Facility on the Technical University of Munich campus.
In May 2004, Limberger was elected to the board of OC Oerlikon. One year later, after insolvency and a change in key shareholders, he became CEO and Vice President of the board. He centralized management, restructured the 7 industrial business units. He led the company from a loss of 340 million Swiss Francs in 2004 to a record profit of 320 million Swiss Francs in 2006. Due to these efforts and the surge in the Oerlikon share price, the company won the Dow Jones EUROSTOXX 500 prize for the best stock in Europe.
From 2007 until 2011, Limberger was president and CEO of Von Roll, a manufacturer of insulation products and systems for the electrical machinery industry as well as for composite materials and parts for various industrial applications. Limberger successfully turned the company into a market leader in the industry with a sales growth of 33% and an EBIT growth of 103% (CAGR 2006-2008). The share price of the company increased fivefold during this period.
In 2011, Limberger founded SilverArrow Capital, an investment company focusing on industrial growth sectors, real estate and infrastructure projects. With a deal flow of over $16 billion, Limberger has established himself as one of the leading activist players in the industry. It generated a 24% return in 2014 [2] and a 19% return in 2016. [3] In November 2015, it announced plans to raise its stake in Rofin-Sinar to 15% to force the company to appoint three new independent directors. [8] In March 2016, the company announced that it would be acquired, leading to a surge in the share price. [9]
In October 2016, it acquired 51% of PrivatAir, a Swiss airline. [10] PrivatAir became insolvent in December 2018.
As a graduated member of the Herbert Quandt BMW Foundation, Limberger achieved the highest recognition level as “World Young Leader.” [5]
Limberger is the president of the World Economic Council, [11] a global NGO headquartered in Vienna. He is a member of the World Economic Forum in Davos, the Clinton Global Initiative, and the Executive Board of Project Hope. [2] He also serves on the boards of organizations such as SGS S.A., Mövenpick AG, Unaxis AG, Deutsche Venture Capital GmbH, and Allgemeine Privatkundenbank (later GE Money Bank). [2]
General Electric Company (GE) was an American multinational conglomerate founded in 1892, incorporated in the state of New York and headquartered in Boston. The company had several divisions, including aerospace, energy, healthcare, and finance. In 2020, GE ranked among the Fortune 500 as the 33rd largest firm in the United States by gross revenue. In 2023, the company was ranked 64th in the Forbes Global 2000. In 2011, GE ranked among the Fortune 20 as the 14th most profitable company, but later very severely underperformed the market as its profitability collapsed. Two employees of GE—Irving Langmuir (1932) and Ivar Giaever (1973)—have been awarded the Nobel Prize.
Siemens AG is a German multinational technology conglomerate. It is focused on industrial automation, distributed energy resources, rail transport and health technology. Siemens is the largest industrial manufacturing company in Europe, and holds the position of global market leader in industrial automation and industrial software.
Infineon Technologies AG is Germany's largest semiconductor manufacturer. The company was spun-off from Siemens AG in 1999. Infineon has about 58,600 employees in 2023 and is one of the ten largest semiconductor manufacturers worldwide. In 2023 the company achieved sales of €16.309 billion.
Rheinmetall Air Defence AG is a division of German armament manufacturer Rheinmetall, created when the company's Oerlikon Contraves unit was renamed on 1 January 2009 and integrated with Rheinmetall's other air-defence products. Oerlikon Contraves was a Swiss anti-aircraft artillery manufacturer famous for its adaptation of the 1916 20 mm Becker as the Oerlikon 20 mm autocannon design, which was used in the Second World War and remains in use. Copies and derivatives of these designs were made by German, French, British, and Japanese weapon manufacturers. Oerlikon Contraves was purchased by Rheinmetall in 1999.
Swiss Re Ltd is a Swiss reinsurance company founded in 1863 and headquartered in Zürich, Switzerland. It is one of the world's largest reinsurers, as measured by gross premiums written. Swiss Re operates through around 80 offices in 29 countries and employs over 14,000 people. It was ranked 519th on the Forbes Global 2000 list and ranked 316th on the Fortune Global 500 in 2023. Swiss Re is listed on the SIX Swiss Exchange.
Sulzer Ltd. is a Swiss industrial engineering and manufacturing firm, founded by Salomon Sulzer-Bernet in 1775 and established as Sulzer Brothers Ltd. in 1834 in Winterthur, Switzerland. Today it is a publicly traded company with some 180 manufacturing facilities and service centers around the world. The company's shares are listed on the Swiss Stock Exchange.
Jeffrey Robert Immelt is an American manufacturing executive working as a venture partner at New Enterprise Associates. He previously was the CEO of General Electric from 2001 to 2017, and the CEO of GE's Medical Systems division from 1997 to 2000. Immelt's tenure saw GE's largest divestments in the company's history, as the company sold almost two-thirds of its subsidiaries and assets.
Privatair SA was a Swiss airline headquartered in Meyrin, which operated business jets as well as scheduled services on behalf of major airlines. In addition the company operated crew and pilot training facilities. PrivatAir SA was a registered air carrier with two air operator's certificates, in Switzerland and through its subsidiary PrivatAir GmbH in Germany. On 5 December 2018, PrivatAir filed for insolvency and ceased operations.
ProSiebenSat.1 Media SE is a German mass media and digital company based in Unterföhring near Munich. It operates in three segments: Entertainment, Dating and Commerce & Ventures. The company is listed on the Frankfurt Stock Exchange.
Ansaldo Energia S.p.A. is an Italian power engineering company based in Genoa, Italy. The original parent company, Gio. Ansaldo & C., was founded in 1853, and merged with Finmeccanica in 1993.
OC Oerlikon is a listed technology group headquartered in Pfäffikon (Schwyz), Switzerland. The name "Oerlikon" comes from the Oerlikon district in Zurich where the group has its origins.
The Swiss Life Group is the largest life insurance company of Switzerland and one of Europe’s leading comprehensive life and pensions and financial services providers, with approximately CHF 255.7 bn of assets under management. Founded in 1857 in Zurich as the Schweizerische Lebensversicherungs und Rentenanstalt cooperative, the company entered the Swiss stock market in 1997 and adopted its current name in 2002. In 2023 the group declared an adjusted profit from operations of CHF 1.50 billion, a 1% increase compared to the previous year. Net profit increased by 8% to CHF 1.11 billion. Swiss Life is one of the twenty companies listed under the Swiss Market Index, as SLHN.
LGT Group is the largest royal family-owned private banking and asset management group in the world. LGT, originally known as The Liechtenstein Global Trust, is owned by the princely House of Liechtenstein through the Prince of Liechtenstein Foundation and led by its royal family members H.S.H. Prince Maximilian von und zu Liechtenstein (CEO) and H.S.H. Prince Philipp von und zu Liechtenstein (chairman).
IVG Immobilien is a German real estate company headquartered in Bonn, Germany. It is a leading commercial property owner in Germany and other European countries.
INNIO Jenbacher designs and manufactures gas engines and cogeneration modules in the Austrian town of Jenbach in Tyrol. It is part of the INNIO portfolio of products and is one of their gas engine technologies; the other being Waukesha Engines. Jenbacher emerged from the former Jenbacher Werke, which was founded in 1959 and manufactured gas and diesel engines, and locomotives. The company was bought out by General Electric in 2003. In November 2018 the company became part of INNIO as part of an acquisition of Advent International and was renamed INNIO Jenbacher GmbH & Co. OHG.
VP Bank AG is a Liechtenstein-based bank headquartered in Vaduz and specialized in private banking. It was founded on April 6, 1956 by Princely Councillor of Commerce Guido Feger and is one of the three major banks in Liechtenstein along with the LGT Group and the LLB.
Michael Suess is a German manager. He is executive chairman of OC Oerlikon, a global technology group listed on the SIX Swiss Exchange, and first deputy chairman of the supervisory board of the Austrian electricity company, Verbund AG. From 2015 to 2016, he was CEO of the GMH Group.
Signa Holding GmbH is Austria's largest privately owned real estate company. Signa Holding GmbH announced insolvency proceedings at the end of November 2023. The company will apply for self-administration restructuring proceedings at the Commercial Court of Vienna.
INFICON is headquartered in Bad Ragaz (Switzerland) and is engaged in the development, manufacture and supply of instruments, sensor technology and process control software for the semiconductor and vacuum-coating industries. They supply instruments for gas leak detection in refrigeration, air conditioning, the automotive industry and for the analysis and identification of toxic chemicals.
Bucher Industries AG is an internationally active Swiss group of companies in the machinery industry based in Niederweningen, Switzerland. Listed on the SIX Swiss Exchange, the company generated sales of 3.57 billion Swiss francs in 2023 and employed 14,858 people. Bucher Industries is the fourth-oldest listed company in Switzerland.