CITTTIC AG acquires and develops small and medium sized companies

Founders and main shareholders of CITTTIC AG are Dr. Michael Buscher (Chief Executive Officer) and Jan Hummel (Chairman of the Board of Directors).

Dr. Michael Buscher

Chief Executive Officer

Dr. Michael Buscher has more than 20 years of industrial experience. Until the end of 2014, he was CEO of the private company Knorr-Bremse AG with sales of more than EUR 5 billion. Before that, he was CEO of the listed industrial group OC Oerlikon during the critical restructuring phase. Prior to that he had several management roles at Bombardier, DaimlerChrysler Rail Systems, Adtranz, ABB and AEG.

Dr. Michael Buscher received his master and PhD in electrical engineering from the Technical University Darmstadt.

Mandates: Board Member & CEO CITTTIC AG, Chairman Schaltag AG, Chairman AKSA Würenlos AG

Jan Hummel

Chairman of the Board of Directors

Jan Hummel has more than 25 years of experience in the financial sector. In 2001 he founded Paradigm Capital AG and is responsible for the Paradigm Capital Value Fund, a traditional value oriented fund which invests in small and medium sized companies in German speaking Europe, the Nordics and UK/Ireland. Before Paradigm, he managed several turnaround cases as a private investor. He also worked as an investment banker for Merrill Lynch in New York and London and was a consultant at Booz Allen in London.

Jan Hummel graduated with an MBA from Harvard Business School and received a master’s degree in economics from the Stockholm School of Economics.

Mandates: Chairman CITTTIC AG