Founders and main shareholders of CITTTIC AG are Dr. Michael Buscher (Chief Executive Officer) and Jan Hummel (Chairman of the Board of Directors). The further development of the group of companies takes place with the participation of Markus Krummenacher (Chief Sales Officer), Lars Spenger (Chief Financial Officer) and Jan Baumgartner (Finance Manager).
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
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
Chief Sales Officer
Markus Krummenacher has extensive experience in sales, marketing, service, consulting as well as project and process management of technically demanding capital goods in Switzerland and abroad. This includes industries such as industrial automation, aerospace, and medical technology. He has more than 20 years of management experience at the business unit management level in the companies Omron Electronics AG, Alu Menziken Aerospace / Universal Alloy Corp., Wetrok AG and Helveting Engineering AG / ALTEN Group.
Mr. Krummenacher earned a BSc in electrical engineering, a MAS in industrial engineering and completed the Executive MBA at HSG and the VR CAS at HSG.
Chief Financial Officer
Lars Spenger started his career as an investment banker in London and Frankfurt with a focus on industrial companies. Subsequently he was part of the investment team at Capvis. After that he was for 5 years active as Deputy CFO and Head of Group Controlling and M&A at listed food & beverage group ORIOR during its realignment phase including operational roles at Biotta and Fredag business units. Since 2020 he is active as CFO at CITTTIC AG.
Lars Spenger has a BA in finance from the University of Illinois, has completed the Program for Leadership Development (EMBA) at Harvard Business School and is a Chartered Certified Accountant (ACCA).
During his studies, Jan Baumgartner gained relevant practical experience in the areas of private equity (focus on the DACH region), investment banking (equity capital markets) and M&A consulting (financial due diligence). After that he was jointly responsible for the financial management and M&A activities of the listed food company ORIOR for 3 years. Since autumn 2020, Jan Baumgartner is active as Finance Manager at CITTTIC AG.
Jan Baumgartner holds a BA in business administration from the University of St. Gallen (HSG) and is a Chartered Certified Accountant (ACCA).