Cardenas appointed CEO of Bavaria Yachtbau GmbH

(lifePR) ( Giebelstadt, )
Bavaria Yachtbau GmbH, one of the largest global sail and motor yacht builders, today announced that Andres Cardenas has been appointed chief executive officer, effective immediately. Cardenas replaces Kay Schwabedal who has left the company by mutual agreement. Bavaria Yachtbau expressed its appreciation to Mr. Schwabedal for his contributions over the past year.

Mr. Cardenas's professional career spans more than 17 years with logistics companies in the automobile and boatbuilding industry where he established a strong track record as a chief executive officer and general manager. Most recently, Mr. Cardenas, age 48, led the Rodman Group - Spain's largest producer of motorboats, effectively repositioning the company's international business and driving new product development. He previously served as head of Logistica and Akront S.A., and in senior management positions with Opel and BMW, where he successfully implemented a series of initiatives driving the firms' reorganization, performance and international positioning. Mr Cardenas, a native Spanish, grew up in Germany and lived in Germany for more than 20 years.

"Bavaria Yachtbau is well known in the global sail and motoryacht industry, in particular for its state-of-the-art products, and has great potential to build market share in international markets," said Cardenas. "In the coming months, my priority will be to strengthen the company's position in light of challenges the economic slowdown presents for the yacht and boatbuilding sector, and move forward a series of initiatives - such as the development of new products - that will help position Bavaria Yachtbau for medium and long-term growth. I look forward to working closely with Bavaria Yachtbau's management team, employees and its dealers who have supported the company over many years."

Andres Cardenas is a technical engineer by training and holds a MBA-PDA degree from IESE in Spain.
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