Latest news with #MichaelSen
CNBC
06-08-2025
- Business
- CNBC
Our U.S. investment has protected us
Fresenius has raised its revenue outlook for the full-year, with the German healthcare group now expecting up to 7% organic growth. CEO Michael Sen tells CNBC's Silvia Amaro the company's local-to-local business model both inside and outside the U.S. has helped protect it from trade tariffs and macro-economic headwinds.
Harvard Business Review
02-05-2025
- Business
- Harvard Business Review
#FutureFresenius: Implementing a New Strategy to Transform the Company and Advance Patient Care
In February 2024, Fresenius CEO Michael Sen reflected on the companys transformation journey from his office in Bad Homburg, Germany. With revenues of �22 billion and a mission to advance patient care, Fresenius had built a strong reputation through decades of acquisitions and dividend growth. However, between 2017 and 2022, the companys share price dropped over 70% as financial and operational performance sharply declined. When Sen became CEO in October 2022, he recognized the need for a fundamental reset. In response, Sen and the leadership team launched #FutureFresenius, a bold transformation plan that began with changes to the companys structure, portfolio, and financial framework. By early 2024, key structural changes were in motion, and momentum was building. Looking ahead, the turnaround required deeper cultural shifts and further development of the companys target operating models. Sen believed in the progress made but faced a critical question: Was Fresenius executing the transformation in the right sequence, at the right speed, and with the right priorities to ensure long-term success? This case study examines the challenges of corporate transformation, the role of leadership in driving change, and the importance of aligning stakeholders in a high-stakes turnaround.
Harvard Business Review
02-05-2025
- Business
- Harvard Business Review
#FutureFresenius: "Committed to Life" in 2024 and Beyond (B)
From February 2024 onward, Fresenius SE & Co. KGaA continued to make progress on the #FutureFresenius transformation that CEO Michael Sen had initiated in October 2022. The company had completed the initial "reset" phase and moved into the "revitalize" portion of the transformation, which the company would continue to implement through the end of 2024.
