Leading Corporate Transformation: The WHU Podcast, powered by PwC

Prof. Dr. Serden Ozcan, Prof. Dr. Martin Glaum, Gori von Hirschhausen

Im Podcast "Leading Corporate Transformation" der WHU Otto Beisheim School of Management und PwC Deutschland geben Prof. Dr. Serden Ozcan, Prof. Dr. Martin Glaum (beide WHU) und Gori von Hirschhausen (PwC) authentische Einblicke in Transformationsprojekte verschiedenster Unternehmen, geschildert aus unterschiedlichen C-Level Perspektiven europäischer Top-Führungskräfte, beleuchtet mit wissenschaftlichen Erkenntnissen.

  1. Oct 20

    Dr. Dirk Elvermann, CFO & CDO BASF – Transforming the World's Largest Chemical Company in Volatile Times

    How do you transform a company founded in 1865, with the world's largest chemical site at its heart, when energy costs, Chinese overcapacity and tariffs all hit at the same time? In this episode, recorded in Ludwigshafen, Dr. Dirk Elvermann, CFO and CDO of BASF, explains what the new strategy "Winning Ways" changes in day-to-day work. A company built on the expertise of its scientists naturally generates more good ideas than it can ever pursue. This is why he asked his colleagues for something simple: don't give me your 100 ideas, give me your best five. We talk about the energy shock, from the €6.5 billion write-down following the exit from Russia to a gas supply he describes as safe for a long time. Dirk also gives a clear answer on the future of Ludwigshafen: smaller, but smarter and more powerful, with around 90 % of the plants now fully competitive even against imports from China. The conversation turns to the portfolio, and why two similar-looking businesses took different routes — Coatings into a partnership with Carlyle, Agricultural Solutions towards an IPO. Dirk explains that the starting point was never the transaction itself but the value. Being CFO and CDO in one person, Dirk has a very practical view on AI. His most used tool is a finance and controlling agent called FOX, which he chats with on Teams. Fox is always online, answering in seconds what he would once have passed to his staff functions. And he explains why the AI debate only becomes useful once it is attached to a real problem. We close with Dirk's own story, about law and economics, M&A, Hong Kong, running the business in Poland, eight roles in 23 years, and his advice to younger leaders: stay curious, never accept the status quo, and do the job you have with full honesty and professionalism. Guest Dr. Dirk Elvermann, CFO & CDO – BASF Hosts Prof. Dr. Martin Glaum, WHU – Otto Beisheim School of Management; Gori von Hirschhausen, PwC Germany Editorial Team Annika Lux-Röhrig; Annika Wicht

  2. May 28

    Astrid Hermann, CFO Beiersdorf – From NIVEA to Tesa: Steering a Global Portfolio in Changing Markets

    How does a global consumer and industrial company balance heritage brands, science-led innovation, and investor expectations in increasingly dynamic markets? In this episode, Astrid Hermann, CFO of Beiersdorf, explains how Beiersdorf manages a portfolio that spans mass skincare, fast-growing dermatological brands, and luxury. She also speaks about why Derma has become a core pillar after tripling since 2016, and how innovation often gets launched there first, where the science can be explained through dermatologists rather than a six-second ad. We dive into the current demand environment, the 2025 market slowdown she describes as unusually broad-based, and what it means when guidance has to be revised. The conversation further turns to Beiersdorf’s industrial side, Tesa, and why it is not a diversification add-on but part of the company’s origins. Astrid outlines the innovation pressure in electronics and e-mobility, from ultra-thin tapes for devices to debonding and recycling requirements. We also talk about operating a listed company with a majority shareholder: how long-term backing can help avoid short-term “wrong decisions,” while public markets still force clarity, credibility, and delivery. We close with Astrid’s personal story, from an early move to the US and two decades in American corporates to lessons on finance as a business partner, flexible leadership with family life, and why humor matters when the world feels heavy. Guest Astrid Hermann, CFO – Beiersdorf Hosts Prof. Dr. Martin Glaum, WHU – Otto Beisheim School of Management Gori von Hirschhausen, PwC Germany Editorial Team Annika Lux-Röhrig Simon Görlach

  3. Jan 11

    Christian Schätz, COO Microsoft Deutschland – the Future of AI, Cloud Adoption & Fostering a “Learn-it-All” Culture

    What is the perspective of one of the world’s leading technology companies on the future of Artificial Intelligence? In this episode, Christian Schätz, COO of Microsoft Deutschland, discusses how Microsoft scales innovation while adapting to Germany’s regulatory, operational, and cultural environment. Christian explains why Microsoft views AI as a copilot rather than an autopilot — a technology built to augment human capability. He shares how Microsoft, as “customer Zero” applies AI internally, from natural-language access on core business systems to significant efficiency gains in customer support and global shared services. The conversation turns to Germany’s adoption dynamic, shaped by engineering rigor, regulatory depth, and the role of workers’ councils. Christian describes how Microsoft balances its global strategy with local expectations around security, sovereignty, and trust — and why the company’s shift from a know-it-all to a learn-it-all culture is crucial in this fast-moving environment. We close with Christian’s personal leadership journey, from hotel management to the C-suite, and his advice for young professionals preparing for an AI-driven future — centered on curiosity, continuous learning, and the ability to “get stuff done.” Guest Christian Schätz, COO - Microsoft Deutschland Hosts Prof. Dr. Serden Ozcan, WHU – Otto Beisheim School of Management Gori von Hirschhausen, PwC Germany Editorial Team Annika Lux-Röhrig Simon Görlach

  4. 07/23/2025

    Dr. Michael Müller, RWE: Navigating Energy Transition, Changing Regulatory Environments & Risk-Driven Capital Allocation

    What does it take to transform one of Europe’s largest utility companies from a legacy coal and nuclear powerhouse into a leader in global renewables? In this episode, we speak with Dr. Michael Müller, CFO of RWE AG, about steering one of Germany’s most iconic energy companies through structural upheaval, international expansion, and shifting regulatory environments. From its roots as a diversified conglomerate to a focused player in power generation with a portfolio increasingly dominated by renewables, RWE exemplifies what transformation at scale truly means. We discuss the strategic rationale behind RWE’s separation from grid operations, how trading and asset optimization became a central pillar of their business model, and why building international teams with local autonomy is key to growth in markets like the US, UK, and the Netherlands. Michael reflects on the impact of geopolitics and regulation on long-term capital investment decisions, the future of energy affordability and security, and the role of active portfolio management in driving returns in volatile markets. He also shares insights into RWE’s decision to reduce its €55B investment program, the influence of hedge funds like Elliott, and the increasing importance of digitalization and AI in energy trading. Finally, Michael opens up about his own career journey—from engineering and a PhD in turbomachinery to corporate finance and executive leadership—and why taking ownership, managing risk culture, and staying commercially curious are key traits for modern CFOs. Guest: Dr. Michael Müller, CFO of RWE AG Hosts: Prof. Dr. Martin Glaum & Gori von Hirschhausen Editorial Team: Annika Lux & Simon Görlach

About

Im Podcast "Leading Corporate Transformation" der WHU Otto Beisheim School of Management und PwC Deutschland geben Prof. Dr. Serden Ozcan, Prof. Dr. Martin Glaum (beide WHU) und Gori von Hirschhausen (PwC) authentische Einblicke in Transformationsprojekte verschiedenster Unternehmen, geschildert aus unterschiedlichen C-Level Perspektiven europäischer Top-Führungskräfte, beleuchtet mit wissenschaftlichen Erkenntnissen.

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